4.2. Wages

Try these first

1. 1.

   What are operating costs?

   Hint

   Think about costs associated with operating machinery.

2. 2.

   Give two examples of consumables.

   Hint

   Consider materials that get used up during operation.

3. 3.

   What type of costs arise only when equipment is in use?

   • Ownership Costs
   • Fixed Costs
   • Operating Costs

   Hint

   Think about costs that happen when working with equipment.

4. 4.

   True or False: Ownership costs are variable.

   • True
   • False

   Hint

   Consider whether costs change based on usage.

5. 5.

   Suppose you are estimating operating costs for a new backhoe in both a quarry and a sand pit. What factors will you consider?

   Hint

   Think about how conditions and tasks affect the operation of the machine.

6. 6.

   How would you differentiate between minor and major repairs in your cost estimations?

   Hint

   Reflect on typical actions taken for maintenance.