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4 cards from this section. Quick, good the night before a test.
What are operating costs?
Think about what happens when you operate a machine.
Give an example of a major repair cost.
Consider what parts of a machine are significant.
What is considered a minor repair cost?
Think about the extent of work and parts changed.
True or False: Major repairs always occur regardless of usage of the equipment.
Consider how ownership of machinery works.
A generator is expected to operate for 150 hours at a minor repair cost of ₹120 per hour. Calculate the total expected minor repair costs across its usage.
Use multiplication to find total costs.
If a contractor can reduce minor repair costs by 20% through proper maintenance and the original estimate was ₹30,000, what would be the new estimated minor repair cost?
Calculate the percentage reduction first.
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