| Exercise 2.90 | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | SOLUTION |
|---|---|---|---|---|
| Inverbogle Safari Park Bus Annual Operating Cost Statement | ||||
| £ | ||||
| Depreciation | 3000 | |||
| Insurance | 800 | |||
| Service and Overhaul | 4600 | |||
| Driver's Wages | 13200 | |||
| Petrol | 12000 | |||
| Tyres | 2400 | |||
| TOTAL COST | 36000 | |||
| NOTES | ||||
| Depreciation | 28000 - 4000 = 24000 | |||
| 24000 / 8 | 3000 | |||
| 3000 | ||||
| Service and Overhaul | 10 trips x 300 days | |||
| 3000 trips | ||||
| 3000 trips / 100 trips | ||||
| 30 services | ||||
| 30 services x £120 | ||||
| 3600 | ||||
| 3600 + 1000 | ||||
| 4600 | ||||
| Driver's Wages | £44 x 300 | |||
| 13200 | ||||
| Petrol | 10 trips x 10 miles x 300 days | |||
| 30000 | miles | |||
| 30000 miles / 2 miles | ||||
| 15000 | miles | |||
| 15000 miles x £0.80 | ||||
| 12000 | ||||
| Tyres | 30000 miles / 15000 miles | |||
| 2 | sets | |||
| 2 sets x £1200 | ||||
| 2400 | ||||
| Cost per Trip | ||||
| Total Cost / No of Trips | ||||
| £36000 / 3000 trips | ||||
| 12 | ||||
| Fare per Passenger | ||||
| Cost per Passenger | £12 / 20 passenger | |||
| 0.6 | ||||
| Add Profit (20% of Cost) | 0.12 | |||
| Fare per Passenger | 0.72 |