BProblemsChapter 24-1

BProblemsChapter 24-1 - Problem 24-1: Western Run...

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Unformatted text preview: Problem 24-1: Western Run University Motor Pool a. UNIVERSITY MOTOR POOL Budget Report for April Monthly Budget April Actual Over* Under Gasoline.......................................................................................................................................................................... $ 1,500 $ 1,720 $ 220* Oil, minor repairs, parts and supplies.............................................................................................................................. 469 550 81 Outside repairs................................................................................................................................................................ 400 495 95 Insurance......................................................................................................................................................................... 1,600 1,600-0- Salaries and benefits........................................................................................................................................................ 7,500 7,500-0- Depreciation.................................................................................................................................................................... 5,867 5,867-0- Totals.............................................................................................................................................................................. $17,336 $17,732 $ 396 Number of automobiles................................................................................................................................................... 16 16 Actual miles ........................................................................................... ........................................................................................................................................................................................ 31,250 35,000 Cost per mile................................................................................................................................................................... $0.5548 $0.507 Supporting calculations for monthly budget amounts: Gasoline:......................................................................................................................................................................... mile/gal. 25 miles 31,250 x $1.20 per gallon = $1,500 Oil, et al.:........................................................................................................................................................................ 31,250 miles x $.015 per mile = $469 Outside repairs:...............................................................................................................................................................Outside repairs:....
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This note was uploaded on 12/07/2010 for the course ACCT 2030 taught by Professor Harris during the Spring '10 term at U. Memphis.

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BProblemsChapter 24-1 - Problem 24-1: Western Run...

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