- Per tonne:
- Labour β¦56.2 (Sf 2.34)
- Materials β¦256
- Capital β¦52.2
- Energy β¦20
- Surplus β¦101
Whole chain per tonne: 2.35 labour hours, 504 kWh.
Formula
A.C. = w0LhSf Labour β¦56.2 Shadow wage w0 β¦16 an hour Γ Lh 1.5 hours per tonne Γ skill factor Sf 2.34 Sf for industry: training β¦45,000 against β¦45,000, queue 20 hours against 48 + Ξ£ qiPirΞ»i Materials β¦256 Barley: 1.3 t Γ $110/t Γ r 1.5 Γ border 1.19 Γ Ξ» 1.00 = β¦256 + (D + Mo)Ξ±e Capital β¦52.2 Depreciation and maintenance β¦36 per tonne Γ financing 1.45 Γ waste factor Ξ±e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. Ξ±e is 1.00 when maintenance hours and defects are on target. + Epe Energy β¦20 E 400 kWh per tonne Γ pe β¦0.05 per kWh = β¦384
A.V. = rP*world Accounted value β¦485 per tonne World price $300 per tonne plus freight and insurance 7.67% = P* $323 Γ r 1.5 crowns per US dollar Import parity: the price at the Commonwealth border for a good it could otherwise import. Observed abroad, not calculated: a wasteful producer raises only its own cost. = β¦485
Revenue = A.V. Γ Q Accounted revenue β¦109 m p.a. Domestic: 224,800 t Γ β¦485 = β¦109 m = β¦109 m
Surplus = (A.V. β A.C.) Γ Q β levies Accounted surplus β¦22.6 m p.a. Revenue β¦109 m β cost β¦384 Γ 224,800 t = β¦22.6 m Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = β¦22.6 m