- Per unit:
- Labour β¦1,198 (Sf 3.74)
- Materials β¦127
- Capital β¦348
- Energy β¦20
- Surplus β¦647
Whole chain per unit: 20.4 labour hours, 452 kWh.
Formula
A.C. = w0LhSf Labour β¦1,198 Shadow wage w0 β¦16 an hour Γ Lh 20 hours per unit Γ skill factor Sf 3.74 Sf for science: training β¦120,000 against β¦45,000, queue 60 hours against 48 + Ξ£ qiPirΞ»i Materials β¦127 Copper: 5 kg Γ $4,500/t Γ r 1.5 Γ border 1.01 Γ Ξ» 1.00 = β¦34.2 Electronic Components: 2 kg Γ $31,000/t Γ r 1.5 Γ border 0.99 Γ Ξ» 1.00 = β¦92 Glass: 1 kg Γ $315/t Γ r 1.5 Γ border 0.93 Γ Ξ» 1.00 = β¦0.438 + (D + Mo)Ξ±e Capital β¦348 Depreciation and maintenance β¦240 per unit 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 unit Γ pe β¦0.05 per kWh = β¦1,693
A.V. = rP*world Accounted value β¦2,340 per unit World price $1,500 per unit plus freight and insurance 4% = P* $1,560 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¦2,340
Revenue = A.V. Γ Q Accounted revenue β¦65.8 m p.a. Domestic: 28,100 units Γ β¦2,340 = β¦65.8 m = β¦65.8 m
Surplus = (A.V. β A.C.) Γ Q β levies Accounted surplus β¦18.2 m p.a. Revenue β¦65.8 m β cost β¦1,693 Γ 28,100 units = β¦18.2 m Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = β¦18.2 m
Made by
-
Federal Timekeeping
- Summers Chronometer Works
Output
Made from per unit
-
Navigational Instruments1 unitβ¦2,340
-
Electronic Components2 kgβ¦92
-
Glass1 kgβ¦0.438
-
Used in p.a.
- Final domestic use 28,100 units β¦65.8 m 100%