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2 cards from this section. Quick, good the night before a test.
What costs are included in ownership costs?
Think about costs unrelated to equipment usage.
What are consumables?
Consider what gets used up during machine operation.
What is ownership cost?
Think about ongoing costs for an asset.
True or False: Operating costs vary with how equipment is used.
Recall how usage influences costs.
An excavator costs $100,000 with a 3-year life. Your operating hours each week are 40. Distinguish between operating and ownership costs over its lifespan.
Refer to templates for worksheets you’ve studied.
Provide a detailed report analyzing how varying job conditions would alter the total operating costs for a fleet of vehicles.
Consider an example discussed in class to inspire your analysis.
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