It was decided by the plant management that they must paint the plant. General paint costs ₱350 per gallon and covers 350 sq ft per gallon. The manufacturers claims that it will last 4 years and can be applied at a rate of 100 sq ft per hour. Boysen paint costs ₱500 per gallon and covers 500 sq ft per gallon. It will last for 5 years and can be applied at a rate of 125 sq ft per hour. If the painter is paid ₱50.00 per hour, which should be used?
It was decided by the plant management that they must paint the plant. General paint costs ₱350 per gallon and covers 350 sq ft per gallon. The manufacturers claims that it will last 4 years and can be applied at a rate of 100 sq ft per hour. Boysen paint costs ₱500 per gallon and covers 500 sq ft per gallon. It will last for 5 years and can be applied at a rate of 125 sq ft per hour. If the painter is paid ₱50.00 per hour, which should be used?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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It was decided by the plant management that they must paint the plant. General paint costs ₱350 per gallon and covers 350 sq ft per gallon. The manufacturers claims that it will last 4 years and can be applied at a rate of 100 sq ft per hour.
Boysen paint costs ₱500 per gallon and covers 500 sq ft per gallon. It will last for 5 years and can be applied at a rate of 125 sq ft per hour. If the painter is paid ₱50.00 per hour, which should be used?
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