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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the downtime cost for a machine costing 900 rupees/hour with a downtime percentage of 3%?
💡 Hint: Calculate 3% of 900.
Question 2
Easy
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.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the formula for calculating downtime cost per hour?
- Equipment cost * Downtime percentage
- Equipment cost / Downtime percentage
- Equipment cost + Downtime percentage
💡 Hint: Think about the relationship between costs and percentages.
Question 2
True or False: Obsolescence costs decrease as machinery ages.
- True
- False
💡 Hint: Consider how aging equipment affects costs.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
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.
Question 2
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.
Challenge and get performance evaluation