Answered: Average Percentage of Cost Element…

Average Percentage of Cost Element Total Brewery Cost (2016) (2020) Index Index Labor 30 160 200 Materials 20 145 175 Equipment 50 135 162

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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Question

A microbrewery was built in 2014 at a total cost of $650,000. Additional
information is given in the accompanying table (all year 2000 indices = 100). Solve, a. Calculate a weighted index for microbrewery construction in 2020. b. Prepare a budget estimate for a microbrewery in 2020.

Average
Percentage of
Cost Element Total Brewery Cost (2016) (2020)
Index
Index
Labor
30
160
200
Materials
20
145
175
Equipment
50
135
162

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