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1.) Because most equipment is not used on a project for an entire year, the costs must be converted to an hourly, weekly, or monthly cost. true or false 2.) Operation costs include tires and other wear items, fuel, lubricants and filters, and repair reserves. true or false 3.) Operating costs are those costs that are most closely related to how long a piece of equipment is owned rather than how much a piece of equipment is used. true or false

1.) Because most equipment is not used on a project for an entire year, the costs must be converted to an hourly, weekly, or monthly cost. true or false 2.) Operation costs include tires and other wear items, fuel, lubricants and filters, and repair reserves. true or false 3.) Operating costs are those costs that are most closely related to how long a piece of equipment is owned rather than how much a piece of equipment is used. true or false

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1.) Because most equipment is not used on a project for an entire year, the costs must be converted to an hourly, weekly, or monthly cost.

true or false

2.) Operation costs include tires and other wear items, fuel, lubricants and filters, and repair reserves.

true or false

3.) Operating costs are those costs that are most closely related to how long a piece of equipment is owned rather than how much a piece of equipment is used.

true or false

Note: please help us in this sample problem and also please explain even a little bit so that we can understand it thank you

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