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Calculate the hourly cost of a piece of equipment if it works 1,466 hours per year...

Calculate the hourly cost of a piece of equipment if it works 1,466 hours per year and has an annual cost of $13,778. (Round to the nearest cent)

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Answer #1

Per year Total work Hour = 1466 hr

Total annual cost= $13778

So The Hourly cost = 13778/1466 $/hr

= 9.52835408022 $/hr

Now 1 Doller = 100 cent

So, $9.52835408022 = 952.835408022 cent

Hourly cost of a Equipment Is 952.835408022 cent.

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