Calculate manually the following

Assignment Help Accounting Basics

Reference no: EM13481491

Question 1 - Motor Car

Cost of motorcar £10,000

Trade-in price after 2 years or
60,000miles £2,000

Maintenance (6 monthlyservicing) £120

Spares (per 1,000miles) £40

Road Tax (perannum) £150

Insurance (perannum) £450

Tyres (after 25,000miles) £240

Petrol (perLitre) £2.10

Petrol consumption is 25 mpg.

From the above data you are required:

Calculate manually the following costs:

1. Total variable cost

2. Total fixed cost

3. Total cost

4. Variable cost per mile

5. Fixed cost per mile

6. Total cost per mile.

The latter threecosts should be shown to the nearest penny.

For 0, 5,000,10,000, 20,000 and 30,000 miles per annum.

Reference no: EM13481491

Questions Cloud

Company produces two products the following information is : company produces two products. the following information is available product x selling price per unit- 46 variable

Markus employs a standard costing system during the year a : markus inc. produces a specialized machine part used in forklifts. for last years operations the following data were

Should the auditor look for these types of transactions in : tyco is a conglomerate organization that had 36 billion inrevenue. in a court trial it was alleged that the ceo of the

The cost per pound of raw material is 2 and 70 of all : rolen inc. is in the process of preparing the fourth quarter budget for 2010 and the following data have been assembled

Calculate manually the following : question 1 - motor carnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspcost

Clopack company manufactures one product that goes through : clopack company manufactures one product that goes through one processing department called mixing. all raw materials

Mde final cash disbursements to the partners based on the : the following transactions transpire during the liquidation of the marks norris smith and savannah partnershipbull

The personnel director for a local manufacturing firm has : the personnel director for a local manufacturing firm has received complaints from the employees in a certain shop

A planning question has been asked what is the cost impact : a planning question has been asked what is the cost impact of a change in levels of production over a period of time?

User Account

All Pages