Cost of Instantizing Nonfat Dry Milk

Herbert H. Moede

No 313712, Marketing Research Reports from United States Department of Agriculture, Agricultural Marketing Service, Transportation and Marketing Program

Abstract: The economic engineering method is used to develop processing and fixed investment costs for instantized nonfat dry milk powder. Total cost is analyzed on the basis of milk powder processed and packaged in one type of consumer package--a 20-quart (4-pound) carton. Results indicate that raw material costs represent more than four-fifths of total cost, with packaging costs accounting for 10 percent, and instantizing and administrative expenses making up the balance. Cost centers are developed for administration, powder handling, instantizing, and packaging.

Keywords: Labor and Human Capital; Livestock Production/Industries; Marketing; Production Economics; Research and Development/Tech Change/Emerging Technologies; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 24
Date: 1972-03
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uamsmr:313712

DOI: 10.22004/ag.econ.313712

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