Compute cost per running kilometre from the following data of a truck.
|
Estimated life of vehicle |
1,50,000 km |
|
Annual running |
15,000 km |
|
Rs P. |
|
|
Cost of vehicle |
40,000 |
|
Road licence (annual) |
1,000 |
|
Insurance (annual) |
1,000 |
|
Garage rent (annual) |
900.00 |
|
Supervision and salaries (annual) |
2,700.00 |
|
Drivers’ wages per hour |
3.00 |
|
Cost of fuel per litre |
3.00 |
|
Repairs and maintenance per km |
1.75 |
|
Tyre allocation per km |
0.90 |
Charge interest at 5% per annum on cost of vehicle. The vehicle runs 20 km per hour on an average and one litre of fuel gives 20 km.