Loading the lesson
Loading the lesson
Search AllRounder.ai
Search the courses, subjects, tracks, games and features, or jump straight to a page.
Search the courses, subjects, tracks, games and features, or jump straight to a page.
2 cards from this section. Quick, good the night before a test.
What are operating costs?
Think about what happens during the operation of machinery.
Give an example of a consumable in construction equipment.
What do machines need to function effectively?
What type of cost is incurred irrespective of machine operation?
Consider costs that remain unchanged.
True or False: Operating costs always remain fixed.
Think about what happens during the operation.
Estimate the operating cost for an excavator that operates 2000 hours in a year with consumables costing $50 per hour and operator wages of $20 per hour. What would be the total operating cost?
Calculate the costs separately and then add them together.
A machine has an ownership cost of $10,000 per year and an operating cost that varies based on usage. If the machine is used 1500 hours in a year with variable costs averaging $30 per hour plus maintenance of $5,000, calculate the total cost for the year.
Don’t forget to account for all costs—ownership, operating, and maintenance.
4 more questions in this section. Enroll free to practise them all.
Enroll free