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What is Service Costing: Key Characteristics & Calculations about?

Here are the calculations for the given questions: i) Cost per kilometer = Total cost / Total kilometers traveled = $5 million / (10 coaches x 3 journeys/coach/day x 20 km/journey x 7 days/week x 54 weeks/year) = $22.04/km ii) Cost per passenger = Total cost / Total passengers carried = $5 million / (10 coaches x 40 seats/coach x 80% occupancy x 3 journeys/coach/day x 7 days/week x 54 weeks/year) = $13.77/passenger iii) Cost per passenger per km = Co

Author

Muhammad Shayan Arif

Language

EN