Total Costs of Hourly Equipment Operation Quiz
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Questions and Answers

The total costs for hourly equipment operation include owning costs, operating costs, maintenance costs, and wages.

True

Hourly equipment operation costs do not include wages.

False

Owning costs are not a part of the total costs for hourly equipment operation.

False

The total costs for hourly equipment operation include maintenance costs.

<p>True</p> Signup and view all the answers

Operating costs are not a part of the total costs for hourly equipment operation.

<p>False</p> Signup and view all the answers

Wages are included in the total costs for hourly equipment operation.

<p>True</p> Signup and view all the answers

Study Notes

Equipment Operation Costs

  • Total costs for hourly equipment operation encompass maintenance costs and wages.
  • Owning costs are excluded from total costs for hourly equipment operation.
  • Operating costs are not included in the total costs for hourly equipment operation.
  • Wages are a significant component of the total costs associated with hourly equipment operation.

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Description

Test your knowledge on the components of total costs for hourly equipment operation including owning costs, operating costs, maintenance costs, and wages.

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