A force-account record allows equipment standby at 50 percent of the $740/day operating rate. The machine is on standby for 3 days. What standby amount is supported?
Correct Answer
C) $1,110
Standby rate is $740 x 50% = $370/day. For 3 days, standby amount is 3 x $370 = $1,110. Other choices use two days, full operating rate, or one standby day.
Why This Is the Correct Answer
Standby rate is $740 x 50% = $370/day. For 3 days, standby amount is 3 x $370 = $1,110. Other choices use two days, full operating rate, or one standby day.
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