Answer to Question #189074 in Economics for NIYATI DOSHI

Question

Seth transport operates a fleet of Motor Lorries. The record for Lorry-4150 reveals the following information

Days Maintained 30

Days operated 25

Days Idle 5

Total hours operated 300

Total kms covered 2500

Total tonnage carried 200 (4 tonne – load per trip, return journey empty)

Total cost for the month 270000

Prepare a performance statement reflectinga. Cost per day operated, cost per kilometer, cost per hour b. Cost per round trip, Tonne Km, cost per commercial tonne –km.

Note formula plus calculations are required 

Answer 1

Cost per day operated,

$$\frac{270000}{30}=9000$$

cost per kilometer,

$$\frac{270000}{2500}=108$$

cost per hour

$$\frac{270000}{300}=900$$

Cost per round trip,

$$\frac{200}{4}=50$$

$$\frac{270000}{50}=5400$$

Tonne Km,

$$200\times2500=500000$$

cost per commercial tonne –km

$$\frac{270000}{500000}=0.54$$