Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Turcking Firm: Costs and Revenue Per Mile Figures Operation Specifics: How many loaded miles did you run last year? 100,000 Total Miles last year 100,000
Turcking Firm: Costs and Revenue Per Mile Figures Operation Specifics: How many loaded miles did you run last year? 100,000 Total Miles last year 100,000 Average MPG 6 Average price per gallon $3.75 Gallons of Tractor fuel purchased in last year? Revenue (Yearly): Gross earnings from truck(s) $200,000.00 Total Revenue Last Year $200,000.00 Operation Fixed Costs (Yearly): $30,131 $7,500.00 Primary Medical insurance premiums $2,640.00 Licenses, Registrations, and Permits (annual vehicle inspection, IRP, UCR, HUVT 221 $1,800.00 Electronic Logging Device $1,190.00 Yearly Truck payment Truck Insurance (physical, bobtail, cargo, etc.) Phone & Internet $2,000.00 Total Fixed Costs Last Year $45,261.00 Operation Variable Costs (Yearly): Assume all variable costs, like fuel, are incurred per mile Tractor Fuel $62,500.00 $0.63 Permits, Tolls & Taxes (IFTA, KYU, OR or NM State Permit, Tolls, Scale) $2,500.00 $0.03 Maintenance & Supplies (tires, repairs, washes, fuel additives, small tools, etc.) $21,000.00 $0.21 Travel Expense (Hotel/Lodging, paid parking, shower, etc.) $1,000.00 $0.01 Taxes (Property, etc.) $4,000.00 $0.04 Total Variable Costs Last Year $91,000.00 $0.91
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started