Practice Hourly Repair Cost Calculation (5.3) - Construction Methods and Equipment Management

Practice: Hourly Repair Cost Calculation

Lesson 5.3Construction Methods and Equipment Management

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10 questions

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6 sample questions

Question 1.
What are consumables in the context of operating costs?
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Think about what the machine needs to operate efficiently.
Question 2.
What is the difference between ownership and operating costs?
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Consider which costs are incurred whether the equipment is used or not.
3Question 3.
What is an operating cost?
- Costs incurred when the equipment is idle
- Costs incurred when the equipment is used
- Costs regarding ownership
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Consider when the machine is active.
4Question 4.
True or False: Ownership costs are variable.
- True
- False
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Reflect on the nature of machine ownership.
Question 5.
A bulldozer has an initial cost of $150,000, a tire cost of $20,000, and is expected to have a lifetime repair cost of 85% of the initial. Calculate the hourly repair cost over 3,000 operating hours.
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Calculate the Lifetime Repair Cost, get the Year Digits for the final hours of operation.
Question 6.
Discuss how changing job conditions from favorable to unfavorable might impact repair costs for heavy machinery.
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Think of real-time examples from your prior experience.

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