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Submitted by: Brandon Sage Cagape Submitted to: Engr. Dario Calaque Jr. CEE 109- “Engineering Economics”Let’s Check *The solutions to the following problems are on the next page Activity 1: Now that you review the most essential principles in engineering economy. Let us try to check your understanding by solving the following cost problems: Situation 01. A machine that is not equipped with a brake “coasts” 30 seconds after the power is turned off upon completion of each piece, thus preventing removal of the work from the machine. The time per piece, exclusive of this stopping time is 2 minutes. The machine is used to produce 40,000 pieces per year. The operator receives P35 per hour and the machine overhead rate is 20 per hour. How much could the company afford to pay for a brake that would reduce the