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Yes. depending on the type of crude that is processed actual output of the different type of product yield in % weght is determined through a material balance or bass balance process.
The total cost is then apportioned by the weight of each product yield. The weight is then converted to volume which is used in dividing the apportioned cost to arrive at the unit cost of each type of prouct yield from the refining process.
What else can I help you with?
What are the roles of refineries in petroleum industry?
Refineries play a crucial role in the petroleum industry by processing crude oil into valuable products such as gasoline, diesel, jet fuel, and other petrochemicals. They use various distillation and chemical processes to separate and convert hydrocarbons into usable forms. Additionally, refineries help to ensure the quality and safety of fuel products by removing impurities and adhering to regulatory standards. Overall, they are essential for transforming raw materials into refined products that power transportation, industry, and consumer needs.
Why you use boiler in oil refinery?
Use of water in a refinery is makeup for boiler feed. The chief uses of steam are for stripping, steam distillation, and vacuum distillation. The steam comes in contact with the products in these operations, and generally the steam condensate is so highly contaminated that it cannot be reused for boiler feed or for other purposes. Steam is also used for process heating, for pumping, and, in some refineries, for generating electric power
How does petroleum refining work?
Petroleum refining is the process of transforming crude oil into useful products like gasoline, diesel, and jet fuel. The process typically involves distillation, where crude oil is heated and separated into different fractions based on boiling points. These fractions undergo further processing, including cracking, reforming, and treating, to improve their quality and yield specific products. The end result is a range of refined hydrocarbons that meet various standards for use in transportation, heating, and as feedstocks for petrochemicals.
Why use a choke with producing oil well?
choke is used to lower the pressure from the well head
Can a person use a vaporizer on an oil rig?
Most likely not dipping might be the only thing allowed
How many states have refineries?
why don't we use our own oil or use coal for gas and other things? -The answer to why we don't use coal for gas or other things is all Political Bull really!However the answer to the question about where Refineries are located can be found on wikipedia when you search list of oil refineries. Should give you the info that you are looking for!
When job order costing system would be more appropriate than process costing system?
A job order costing system would be more appropriate than a process costing system for manufacturers who use different types of goods throughout the manufacturing process. Process costing is best to you when manufacturing a large amount of the same items.
Differences between costing method and costing techniques?
Methods of Costing The cost of products or services is determined using several methods. The use of a given method is dictated by such factors as: the nature of cost units, the production process, the mode of cost accumulation, the duration of work etc. The following are the well established methods of costing a. Job / Batch costing b. Contract costing c. Process costing d. Service costing Techniques of Costing Irrespective of the type of costing method being applied there are various approaches that could be adopted. These are:  Full Absorption costing  Marginal costing  standard costing using  absorption costing  marginal costing
Does a construction company use a process costing system?
A construction company typically does not use a process costing system; instead, it often employs a job costing system. This is because construction projects are unique and vary significantly in terms of materials, labor, and overhead costs. Job costing allows the company to track expenses for each specific project, providing detailed insights into profitability and cost control for individual jobs. In contrast, process costing is more suitable for industries with continuous production of homogeneous products, such as manufacturing.
Can a company use both job-order and process costing systems?
Yeh totally no doubt
Does anheuser busch use job order or process costing?
Anheuser-Busch primarily uses process costing due to the nature of its production, which involves mass production of beer in continuous processes. In process costing, costs are averaged over large quantities of identical products, which aligns with the brewery's operations. However, for specific limited-edition or craft products, they may utilize job order costing to track costs more precisely. Overall, the predominant method for their standard beer production is process costing.
Which of these is a negative consequence of the oil industry in Texas?
a it create jobs on oil wells and in refineries b there can be oil spills when the oil is transported from one place to another c the oil can be use to create energy d the oil comes from under the ground
How are you going to purify the crude oil and what methods is used to separate mixture of oil?
Oil refineries use a technique known as fractional distillation, which involves separating different components of crude oil based on their different boiling points.
If you were a candy manufacturer which costing system should you use full absorption costing or variable costing?
full absorption costing
What are the steps that oil goes through to generate power or electricity?
To generate power or electricity from oil, the process typically begins with the extraction of crude oil, which is then transported to refineries for processing. At the refinery, crude oil is converted into usable fuels, such as diesel or heating oil. These fuels are burned in turbines or generators to produce steam, which drives the turbines and generates electricity. The generated electricity is then transmitted through the grid for use in homes and businesses.
What is an industrial park?
An industrial park is a portion of the city that is zoned for industrial use. This can include factories, warehouses and oil refineries. It can also include shops and restaurants.
What is industrial parks?
An industrial park is a portion of the city that is zoned for industrial use. This can include factories, warehouses and oil refineries. It can also include shops and restaurants.
