Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare statement for april 2020, showing the cost per running kilometer with the help of the data provided in the picture? The Madras Transport Company

 Prepare statement for april 2020, showing the cost per running kilometer with the help of the data provided in the picture?

image text in transcribed

The Madras Transport Company which keeps a fleet of lorries, show the following information: Kilometer run for April 2020 - 30,000 KM Wages for April, 2020 Petrol, Oil, etc. for April 2020 Original cost of vehicles Rs. 2,00,000 4,00,000 Repairs for April 2020 Garage Rent etc. for April 2020 Licence, insurance etc. for the year 1,00,00,000 6,00,000 1,00,000 6,00,000 Depreciation is to be allowed @25% per annum on original cost. Prepare a statement for April 2020, showing the cost per running kilometer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

14th Edition

978-0132960649, 132960648, 132109174, 978-0132109178

More Books

Students also viewed these Accounting questions