Chemical Engineering Plant Economics
Gantt chart (or Bar chart) is helpful in

Inventory control
Preparing production schedule
Efficient despatching of products
Efficient utilisation of manpower and machines

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Chemical Engineering Plant Economics
Which of the following relationship is not correct is case of a chemical process plant?

Total product cost = direct production cost + plant overhead cost
Total product cost = manufacturing cost + general expenses
General expenses = administrative expenses + distribution & marketing expenses
Manufacturing cost = direct product cost + fixed charges + plant overhead costs

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Chemical Engineering Plant Economics
The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the

Book value at the end of (n - 1)th year
Depreciation during the (n - 1)th year
Difference between initial cost and salvage value
Initial cost

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