CM 2113 WANG TEST 1 EXAM 2026-2027 WITH
ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS
|CURRENTLY TESTING QUESTIONS AND
SOLUTIONS|ALREADY GRADED
A+|NEWEST|BRAND NEW VERSION
!!|GUARANTEED PASS
A contractor has purchased a wheel loader for $115,000 and plans to use it 2,000 hours per
year. The cost of one set of tires is $25,000. At this usage rate, the contractor anticipates
disposing of the loader after using it for 10 years and realizing a salvage value of $35,000. The
flywheel horsepower rating of the loader’s diesel engine is 105 horsepower. The interest rate is
10%. The loader operator will earn $34.00 per hour including fringe benefits, and diesel fuel
costs $1.20 per gallon.
How much is the contractor’s hourly depreciation portion of ownership cost for the loader if
using the Time Value Method (see textbook page 42 Example 2.8 for reference)?
Select one:
a. $6.23/hr
b. $8.27/hr
c. $7.43/hr
d. $9.37/hr
a. $6.23/hr
How much is the contractor’s hourly depreciation portion of ownership cost for the loader if
using the Average Annual Investment Method (see textbook page 44 Example 2.9 for
reference)?
Select one:
a. $3.26/hr
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,b. $6.01/hr
c. $2.75/hr
d. $7.85/hr
b. $6.01/hr
How much is the hourly equipment repair cost if the annual cost of repairs equals 70% of
straight-line depreciation?
Select one:
a. $1.93/hr
b. $3.89/hr
c. $2.75/hr
d. $3.50/hr
a. $1.93/hr
Please calculate the throttle load factor if the engine will work at full throttle while loading the
bucket (45% of the time) and at three-quarter throttle to travel and dump. (See textbook page
47 Example 2.12 for reference).
Select one:
a. 0.65
b. 0.86
c. 0.45
b. 0.86
Please calculate time factor if it is estimated that the work will be steady at an efficiency equal
to a 55-min hour. (See textbook page 47 Example 2.12 for reference)
Select one:
a. 0.92
b. 0.83
c. 0.75
d. 0.55
a. 0.92
Please calculate the hourly fuel cost if the wheel loader has a 250-fwhp diesel engine, and the
diesel fuel costs $1.20 per gallon, and the operating factor (combined factor) is 0.75. (See
textbook page 47 Example 2.12 for reference)
Select one:
a. $2.50/hr
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, b. $1.20/hr
c. $9.00/hr
d. $7.50/hr
c. $9.00/hr
How much is the hourly oil and grease cost if the equipment operating factor (combined factor)
is 0.5, the crankcase capacity is 15 gallons, the flywheel horsepower rating of the loader's diesel
engine is 105 fwhp, the time between oil changes is 250 hours, the cost of lube oil is $3.0/gal,
and the cost of other oils and grease is $0.5/hr. (See textbook page 47 Example 2.13 for
reference)
Select one:
a. $0.50/hr
b. $0.81/hr
c. $0.31/hr
d. $0.10/hr
b. $0.81/hr
How much is the hourly tire repair cost if it is estimated that the tire repair is 25% of the tire
depreciation and the life of the tires is 4,000 hours. (See textbook page 48 Example 2.14 for
reference)
Select one:
a. $1.56/hr
b. $6.25/hr
c. $0.10/hr
d. $0.25/hr
a. $1.56/hr
Please calculate how many sets of tires are needed during the 10 years' of operation of this
loader assuming one set of tires can be expected to last 4,000 hours, and the loader will be
operated 2,000 hours per year.
Select one:
a. 4 sets
b. 2 sets
c. 3 sets
d. 5 sets
3|Page
ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS
|CURRENTLY TESTING QUESTIONS AND
SOLUTIONS|ALREADY GRADED
A+|NEWEST|BRAND NEW VERSION
!!|GUARANTEED PASS
A contractor has purchased a wheel loader for $115,000 and plans to use it 2,000 hours per
year. The cost of one set of tires is $25,000. At this usage rate, the contractor anticipates
disposing of the loader after using it for 10 years and realizing a salvage value of $35,000. The
flywheel horsepower rating of the loader’s diesel engine is 105 horsepower. The interest rate is
10%. The loader operator will earn $34.00 per hour including fringe benefits, and diesel fuel
costs $1.20 per gallon.
How much is the contractor’s hourly depreciation portion of ownership cost for the loader if
using the Time Value Method (see textbook page 42 Example 2.8 for reference)?
Select one:
a. $6.23/hr
b. $8.27/hr
c. $7.43/hr
d. $9.37/hr
a. $6.23/hr
How much is the contractor’s hourly depreciation portion of ownership cost for the loader if
using the Average Annual Investment Method (see textbook page 44 Example 2.9 for
reference)?
Select one:
a. $3.26/hr
1|Page
,b. $6.01/hr
c. $2.75/hr
d. $7.85/hr
b. $6.01/hr
How much is the hourly equipment repair cost if the annual cost of repairs equals 70% of
straight-line depreciation?
Select one:
a. $1.93/hr
b. $3.89/hr
c. $2.75/hr
d. $3.50/hr
a. $1.93/hr
Please calculate the throttle load factor if the engine will work at full throttle while loading the
bucket (45% of the time) and at three-quarter throttle to travel and dump. (See textbook page
47 Example 2.12 for reference).
Select one:
a. 0.65
b. 0.86
c. 0.45
b. 0.86
Please calculate time factor if it is estimated that the work will be steady at an efficiency equal
to a 55-min hour. (See textbook page 47 Example 2.12 for reference)
Select one:
a. 0.92
b. 0.83
c. 0.75
d. 0.55
a. 0.92
Please calculate the hourly fuel cost if the wheel loader has a 250-fwhp diesel engine, and the
diesel fuel costs $1.20 per gallon, and the operating factor (combined factor) is 0.75. (See
textbook page 47 Example 2.12 for reference)
Select one:
a. $2.50/hr
2|Page
, b. $1.20/hr
c. $9.00/hr
d. $7.50/hr
c. $9.00/hr
How much is the hourly oil and grease cost if the equipment operating factor (combined factor)
is 0.5, the crankcase capacity is 15 gallons, the flywheel horsepower rating of the loader's diesel
engine is 105 fwhp, the time between oil changes is 250 hours, the cost of lube oil is $3.0/gal,
and the cost of other oils and grease is $0.5/hr. (See textbook page 47 Example 2.13 for
reference)
Select one:
a. $0.50/hr
b. $0.81/hr
c. $0.31/hr
d. $0.10/hr
b. $0.81/hr
How much is the hourly tire repair cost if it is estimated that the tire repair is 25% of the tire
depreciation and the life of the tires is 4,000 hours. (See textbook page 48 Example 2.14 for
reference)
Select one:
a. $1.56/hr
b. $6.25/hr
c. $0.10/hr
d. $0.25/hr
a. $1.56/hr
Please calculate how many sets of tires are needed during the 10 years' of operation of this
loader assuming one set of tires can be expected to last 4,000 hours, and the loader will be
operated 2,000 hours per year.
Select one:
a. 4 sets
b. 2 sets
c. 3 sets
d. 5 sets
3|Page
