Total miles= 2200+300=2500
Gross linehaul revenue= 2500*1.70= $4250
Net revenue per mile= $4250-(300*1.70)=$3740
ESTIMATED PROFIT& LOSS
Particulars | amt($) | amt($) |
per mile | Tractor total | |
Linehaul revenue | 1.70 | 3740 |
Variable cost: | ||
Driver's wage | 0.48 | 1200 |
Fringe benefits | 300 | |
Fuel cost per mile | 0.42 | 1050 |
maintenance cost per mile | 0.11 | 275 |
insurance cost per mile | 0.10 | 250 |
TOTAL VARIABLE COST | 3075 | |
Fixed Cost: | ||
Tractor Depreciation | 260 | |
Trailer Depreciation | 42 | |
Legalization | 192.31 | |
Corporate overhead | 117.02 | |
TOTAL FIXED COST | 611.33 | |
GRAND TOTAL COST | 3686.33 | |
OPERATING PROFIT | 53.67 | |
PROFIT MARGIN | 1.43% |
Carrier Management assignment. Fill in the incomplete amounts Fleet Activity Summary Loaded Miles Empty miles Toal...
Fill in the incomplete amounts.
Fleet Activity Summary Loaded Miles Empty miles Toal Miles (utilization) Gross linehaul revenue Loaded rate per mile Net revenue per mile 2200 300 $1.70 Estimated Profit and Loss Linehaul Revenue Per mile Tractor Total Variable Costs Driver Wages per mile Fringe benefits (%) Fuel cost per mile $0.48 25% $0.42 Maintenance cost per mile Insurance cost per mile Total Variable Cost $0.11 $0.10 Fixed Cost Tractor Depreciation Trailer depreciation Legalization Corporate overhead Total Fixed Cost...
Problem 1 Cheetah Delivery operates a fleet of local delivery vehicles. Management wants to estimate the fixed and variable costs per mile. Industry standards indicate variable costs should be no more than $.29 per mile. Cheetah collected the following data for the delivery service for last month to test against the industry standard: Truck Number Costs Miles 1 $370 1280 2 360 1220 3 340 1100 4 400 1190 5 370 1190 6 420 1330 7 330 1000 8 310...
Analyze the case the answer the questions:
introduction of the case
assess the financial reporting landscape considering the user
needs, constraints, and business environment,
identify the issues,
analyze the issues (qualitatively and quantitatively), and
provide a recommendation and conclusion.
Original content only no copy-paste, please
INTRODUCTION Jaden McCoy operated a dairy goat farm in Soddy-Daisy, Tennessee, and was considering expanding the rental of his goats for land clearing. In early 2011, McCoy successfully bid on a job to clear a...
INTRODUCTION Jaden McCoy operated a dairy goat farm in Soddy-Daisy, Tennessee, and was considering expanding the rental of his goats for land clearing. In early 2011, McCoy successfully bid on a job to clear a section of property at a nearby resort. McCoy's goats performed as expected and he eamed a small profit in the process. The resort manager was quite happy because the difficult-to-reach areas of the property were cleared on time and on budget at a cost well...