Practice Consumable Cost Estimation (5.5) - Construction Methods and Equipment Management

Practice: Consumable Cost Estimation

Lesson 5.5Construction Methods and Equipment Management

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8 questions

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2 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
2 questions · about 1 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What are the key components of operating costs?
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Think about what costs are variable.
Question 2.
Name a type of repair that is considered under ownership costs.
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Focus on repairs requiring significant investment.
3Question 3.
What is not considered an operating cost?
- Fuel
- Wages
- Major repairs
- Lubricants
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Major costs are typically fixed.
4Question 4.
True or False: Ownership costs are variable and depend on usage.
- True
- False
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Think about the nature of ownership costs.
Question 5.
Calculate the total consumable cost for a project where an excavator is used 300 hours in a month, consuming fuel at a rate of 15 liters per hour, with fuel priced at $1.50/liter.
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First, calculate the total fuel consumption then do the multiplication with cost per liter.
Question 6.
Develop a comprehensive plan outlining steps to estimate labor costs for an upcoming project with varied working conditions.
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Consider how different conditions might affect labor needs.

4 more questions in this section. Enroll free to practise them all.