Work out in appropriate cost sheet form, the unit cost per passenger mile for the year 1968–1969 for a fleet of passenger buses run by a transport company from the following figures extracted from its books:
5 passenger buses costing Rs 50,000, Rs 1,20,000, Rs 45,000, Rs 55,000 and Rs 80,000, respectively. Yearly depreciation of vehicles—20% of the cost. Annual repair, maintenance and spare parts—80% of depreciation.
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Wages of 10 drivers @ Rs 100 each per month |
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Wages of 20 cleaners @ Rs 50 each per month |
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Yearly rate of interest @ 4% on capital |
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Rent of six garages @ Rs 50 each per month |
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Director’s fees @ Rs 400 per month |
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Office establishment @ Rs 1,000 per month |
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Licence of taxes @ Rs 1,000 every 6 months |
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Realization by sale of old tyres and tubes @ Rs 3,200 every six months. |
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900 passengers were carried over 1,600 miles during the year |