| Exercise 2.97 | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | SOLUTION |
|---|---|---|---|---|
| Annual Service Cost Statement for Each Bus | ||||
| £ | ||||
| Depeciation | 6000 | |||
| Fuel | 8800 | |||
| Tyres | 825.0000000000001 | |||
| Inspection and Servicing | 6798 | |||
| Licence, Insurance, Testing | 3513 | |||
| Administration Costs | 3500 | |||
| Wages | 41448 | |||
| TOTAL COST | 70884 | |||
| NOTES | ||||
| Depreciation | Cost - Residual Value | |||
| 40000 - 4000 | ||||
| 36000 | ||||
| £36,000 / 6 years | ||||
| 6000 | ||||
| Fuel | 33000 miles / 3 miles | |||
| 11000 | litres | |||
| 11000 litres x £0.80 | ||||
| 8800 | ||||
| Tyres | 6 wheels x £250 | |||
| 1500 | ||||
| 33000 miles | x £1500 | |||
| 60000 miles | ||||
| 825.0000000000001 | ||||
| Inspection/ Servicing | 33000 miles | x £1030 | ||
| 5000 miles | ||||
| 6798 | ||||
| Administration | £21000 / 6 buses | |||
| 3500 | ||||
| Wages | Basic | 9 drivers x 40 hours x £11 x 52 weeks | ||
| 205920 | ||||
| Overtime | 9 drivers x 6 hours x £16.50 x 48 weeks | |||
| 42768 | ||||
| Total | 248688 | |||
| Per Bus | £248688 / 6 buses | |||
| 41448 | ||||
| Cost per Mile | ||||
| Total Cost / Total Miles | ||||
| £70884 / 33000 miles | ||||
| 2.148 | ||||
| 2.148 | ||||
| Cost per Passenger/Mile | ||||
| Cost per Mile / Occupancy | ||||
| £2.15 / 40 seats | ||||
| 0.05375 | ||||
| 0.05375 | ||||
| Charge per Passenger/Mile | ||||
| Cost per Passenger/Mile | 0.05 | |||
| Add Profit (20% of Cost) | 0.010000000000000002 | |||
| Charge per Passenger/Mile | 0.060000000000000005 |