1.4 - Cumulative Cost Per Hour Calculation
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Practice Questions
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What is the downtime cost per hour if the equipment cost is 900 rupees and the downtime percentage is 3%?
💡 Hint: Calculate 3% of the equipment cost.
If a machine has a downtime cost of 54,000 rupees, how many hours was it operational if the hourly downtime cost is 27 rupees?
💡 Hint: Use the formula: total cost = hourly rate × hours worked.
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Interactive Quizzes
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What is the downtime cost per hour if the equipment cost is 900 rupees and the downtime percentage is 3%?
💡 Hint: Remember the basic percentage calculation.
Is the cumulative downtime cost of 54,000 rupees at the end of the first year considered high?
💡 Hint: Consider the financial implications of such a cost annualized over a period.
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Challenge Problems
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Calculate cumulative downtimes for a machine running for five years at varying downtimes of 3%, 6%, 10%, and 12%. Summarize the total costs.
💡 Hint: Follow the pattern of yearly calculations and sum them.
Discuss how a 10% productivity loss in year two, with an additional obsolescence cost of 108 rupees would impact the cumulative costs.
💡 Hint: Adjust year two costs for productivity loss to see overall impacts.
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