Question: Que 5/ TASK 5 Matrix Inc. is having a fleet of 10 delivery vehicles and operating as a private carrier. It wants you to calculate

 Que 5/ TASK 5 Matrix Inc. is having a fleet of

Que 5/ TASK 5 Matrix Inc. is having a fleet of 10 delivery vehicles and operating as a private carrier. It wants you to calculate cost per mile for each delivery vehicle. Cost of trucks 75,000$ Manager Salary 30,000$ per month Accountant Salary 25,000$ per month Co-driver Salary 20,000$ per month Mechanic Salary 8,000$ per month Garage Rent 6,000$ per month Driver Salary 25,000$ per month per truck Annual Repairs 10,000$ per truck Insurance 5.5% Total Life of a truck is 70,00,000 Kms. Matrix operates 30 days in a month and each truck covers 70 Kms of a distance (one way). Each truck makes 3 round trips in a day. Petrol consumption is one litre for every 10 kms @ 0.50 $ per litre. Oil and sundry expenses are 13.50 $ per 100 Kms. Assume cost to be 50% of the taking and tax to be 25% of the taking. Calculate: a. Freight amount b. Effective Kms c. Profit d. Cost per Kms. Also provide your Analysis (10 Points) Element of Competency Determine the cost of operations

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!