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Accounting

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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9796667

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