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Test your understanding with targeted questions related to the topic.
Question 1
Easy
Calculate the downtime cost per hour if the equipment cost is 1,200 rupees and the downtime percentage is 4%.
💡 Hint: Use the formula: Downtime Cost = (Downtime Percentage / 100) * Equipment Cost.
Question 2
Easy
What is considered cumulative cost?
💡 Hint: Think about the meaning of the term 'cumulative'.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the downtime cost per hour if the equipment cost is 900 rupees at a downtime percentage of 3%?
💡 Hint: Reference the formula for calculating downtime.
Question 2
True or False: The economic life of a machine occurs when cumulative costs are at their maximum.
💡 Hint: Think about the cost trends discussed.
Solve 1 more question and get performance evaluation
Push your limits with challenges.
Question 1
Given that a machine has a downtime cost of 50 rupees per hour for year one, increasing to 80 rupees in year two, calculate the cumulative downtime cost for three years if year three sees an increase to 100 rupees.
💡 Hint: Remember to factor in operational hours for each year.
Question 2
Calculate the obsolescence cost for a machine that has a cost of 1,200 rupees per hour with an obsolescence factor of 0.15 in the third year.
💡 Hint: Use the obsolescence formula and multiply by yearly hours.
Challenge and get performance evaluation