Assess the financial viability of ExxonMobil's investment in AI-driven predictive maintenance for oil rigs using standard costing.

Requirements:

Calculate fixed costs associated with implementing AI for oil rig maintenance.

Determine variable costs per maintenance operation using standard costing.

Estimate the total cost per AI-driven maintenance project.

Analyze cost savings achieved through predictive maintenance.

Recommend approaches to improve cost efficiency in oil rig operations.

Cost Components for Oil Rig Maintenance:

Cost Type	Annual Amount ($) per Year
Fixed Costs	400,000,000
Variable Costs per Operation	50,000
Total Operations per Year	20,000