3.1 - Trends in Cost over Years
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Practice Questions
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What is the downtime cost for a machine costing 900 rupees/hour with a downtime percentage of 3%?
💡 Hint: Calculate 3% of 900.
How much would the annual downtime cost be if the machine operates for 2000 hours?
💡 Hint: Multiply the hourly downtime cost by the total hours operated.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the formula for calculating downtime cost per hour?
💡 Hint: Think about the relationship between costs and percentages.
True or False: Obsolescence costs decrease as machinery ages.
💡 Hint: Consider how aging equipment affects costs.
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Challenge Problems
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If a machine incurs a 10% downtime cost, what total downtime expenses will it accrue over five years if it runs for 2000 hours each year?
💡 Hint: Break it down year by year for clarity.
A machine experiences annual obsolescence costs of 0.12% and operates for 2000 hours. What is the cumulative obsolescence cost after four years?
💡 Hint: Remember to calculate each year's cost step-by-step.
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