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Edition 47 25-53
Owning & Operating Costs
Owning & Operating Examples I and II
●
Estimating Form
HOURLY OWNING AND OPERATING COST ESTIMATE
DATE
_____________
Estimate #1
Estimate #2
A–Machine Designation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
__________
__________
B–Estimated Ownership Period (Years) . . . . . . . . . . . . . . . . . . . . .
__________
__________
C–Estimated Usage (Hours/Year) . . . . . . . . . . . . . . . . . . . . . . . . . .
__________
__________
D–Ownership Usage (Total Hours)(B
×
C). . . . . . . . . . . . . . . . . . .
__________
__________
OWNING COSTS
1. a. Delivered Price (P), to the Customer (including attachments) . .
__________
__________
b. LessTire Replacement Cost if desired . . . . . . . . . . . . . . . . .
__________
__________
c. Delivered Price LessTires. . . . . . . . . . . . . . . . . . . . . . . . . . . .
__________
__________
2. Less Residual Value at Replacement (S) . . . . . . . . . . . . . . . . . . (___%) __________ (___%) __________
(See subsection 2A on back)
3. a. Net Value to be recovered through work . . . . . . . . . . . . . . .
__________
__________
(line 1c less line 2)
b. Cost Per Hour:
Net Value
87,750
34,320
____________ (1) __________ (2) __________ . . . . . . . . . . . .
__________
__________
Total Hours
8400
7500
4. Interest Costs P(N + 1) + S(N – 1)
×
Simple Int. % Rate
_________________
N = No.Yrs.
2N
_____________________________________ =
Hours/Year
(1)
[135,000 (7 + 1)] +
[47,250 (7 – 1)]
2
×
7
×
0.16
(2)
[66,000 (5 + 1)] +
[31,680 (5 – 1)]
2
×
5
×
0.16
________________________ = ________________________ =
__________
__________
1200
1500
_____ Hours/Yr.
_____ Hours/Yr.
5. Insurance
P(N + 1) + S(N – 1)
×
Insurance % Rate
_________________
N = No.Yrs.
2N
_____________________________________ =
Hours/Year
(1) [135,000 (7 + 1)] +
[47,250 (7 – 1)]
2
×
7
×
0.01
(2)
[66,000 (5 + 1)] +
[31,680 (5 – 1)]
2
×
5
×
0.01
________________________ = _________________________ =
__________
__________
1200
1500
_____ Hours/Yr.
_____ Hours/Yr.
(Optional method when Insurance cost per year is known)
Ins. $ __________ PerYr. ÷ __________ Hours/Yr. =
Estimating form continues next page
Track-type
Tractor
000
7
1200
8400
87,750 (C)
10.45 (D)
12.99 (E)
0.81 (F)
(1)
135,000 (A)
135,000
47,250 (B)
34,320
4.58
5.58
0.35
(2)
70,000
0,
4000
66,000
31,680
Wheel
Loader
0,000
5
0,
1500
0,
7500
35
48
N/A