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Operation Cost
| Monthly Cost Per Student for a 2-Way Trip Based on New Vehicle in Year 2005 | ||||||||||
| 40-seater | 30-seater | 19-seater | 10-seater | |||||||
| Basic Cost | ||||||||||
| 1 | Monthly Expenses (yearly cost / 12 months) | |||||||||
| Vehicle: | ||||||||||
| Purchase cost | $165,000 | $153,000 | $105,000 | $49,000 | ||||||
| Depreciation | ||||||||||
| - no. of years | 10 | 10 | 10 | 10 | ||||||
| - annual charge | $16,500 | $15,300 | $10,500 | $4,900 | ||||||
| - monthly charge | $1,375 | $1,275 | $875 | $408 | ||||||
| Annual interest rate | 3.875% | 3.875% | 3.875% | 3.875% | ||||||
| No. of years' loan | 5 | 5 | 5 | 5 | ||||||
| - financing quantum | 70% | 70% | 70% | 70% | ||||||
| - financing amount | $115,500 | $107,100 | $73,500 | $34,300 | ||||||
| - total interest cost | $22,378 | $20,751 | $14,241 | $6,646 | ||||||
| - monthly interest cost over 10 years | $186 | $173 | $119 | $55 | ||||||
| Monthly Vehicle expense | $1,561 | $1,448 | $994 | $464 | ||||||
| Driver's salary | $2,000 | $1,800 | $1,500 | $1,300 | ||||||
| Attendant's salary | $600 | $500 | $400 | $0 | ||||||
| Diesel | $1,350 | $1,000 | $900 | $425 | ||||||
| Vehicle repair & maintenance | $800 | $700 | $500 | $300 | ||||||
| Parking | $185 | $185 | $185 | $75 | ||||||
| Insurance | $260 | $220 | $220 | $200 | ||||||
| Road Tax | $125 | $83 | $75 | $67 | ||||||
| Total costs | $6,881 | $5,936 | $4,774 | $2,831 | ||||||
| 2 | Actual no. of students | |||||||||
| - 1 session | 35 | 30 | 22 | 13 | ||||||
| - 2 sessions | 53 | 45 | 33 | 20 | ||||||
| 3 | Maximum seat capacity | |||||||||
| - 1 session | 60 | 45 | 28 | 15 | ||||||
| - 2 sessions | 90 | 67 | 42 | 22 | ||||||
| 4 | % Capacity Utilisation | 58% | 67% | 79% | 87% | |||||
| 5 | Cost per student before allocation | |||||||||
| - 1 session | $197 | $198 | $217 | $218 | ||||||
| - 2 sessions | $130 | $132 | $145 | $142 | ||||||
| Cost Allocation to Other Transport Sources: | ||||||||||
| 6 | % of cost allocation | 50% | 40% | 35% | 30% | |||||
| Cost item that is not allocated : Attendant's Salary | ||||||||||
| Remaining cost items to be allocated: | ||||||||||
| Vehicle depreciation | $688 | $510 | $306 | $123 | ||||||
| Vehicle interest cost | $93 | $69 | $42 | $17 | ||||||
| Driver's salary | $1,000 | $720 | $525 | $390 | ||||||
| Attendant's salary | $0 | $0 | $0 | $0 | ||||||
| Diesel | $675 | $400 | $315 | $128 | ||||||
| Vehicle repair & maintenance | $400 | $280 | $175 | $90 | ||||||
| Parking | $93 | $74 | $65 | $23 | ||||||
| Insurance | $130 | $88 | $77 | $60 | ||||||
| Road Tax | $63 | $33 | $26 | $20 | ||||||
| Total allocation | $3,141 | $2,174 | $1,531 | $849 | ||||||
| Cost less allocation | $3,741 | $3,762 | $3,243 | $1,981 | ||||||
| 7 | Cost less allocation per student: | |||||||||
| - 1 session | $106.88 | $125.39 | $147.40 | $152.42 | ||||||
| - 2 sessions | $70.58 | $83.59 | $98.27 | $99.07 | ||||||
| 8 | With Mark-Up (5%) | |||||||||
| - 1 session | $112.22 | $131.65 | $154.77 | $160.04 | ||||||
| - 2 sessions | $74.11 | $87.77 | $103.18 | $104.03 | ||||||
| 9 | With Mark-Down (10%) | |||||||||
| - 1 session | $96.19 | $112.85 | $132.66 | $137.18 | ||||||
| - 2 sessions | $63.52 | $75.23 | $88.44 | $89.17 | ||||||
| 10 | Additional Cost by Distance | |||||||||
| Driver's salary (opportunity cost): | ||||||||||
| Average distance per single trip (km) | 25 | 25 | 25 | 25 | ||||||
| Average no, of trips a day | 4 | 4 | 4 | 4 | ||||||
| Average total distance a day (km) | 100 | 100 | 100 | 100 | ||||||
| No. of operating days a month | 20 | 20 | 20 | 20 | ||||||
| Driver's salary a day (after allocation) | 50 | 54 | 49 | 46 | ||||||
| Driver's salary per kim (after allocation) | $0.50 | $0.54 | $0.49 | $0.46 | ||||||
| Diesel: | ||||||||||
| Diesel cost a day (after allocation) | $34 | $30 | $29 | $15 | ||||||
| Diesel cost per km (after allocation) | $0.34 | $0.30 | $0.29 | $0.15 | ||||||
| Vehicle repair & maintenance: | ||||||||||
| Vehicle repair & maintenance cost per day (after allocation) | $20 | $21 | $16 | $11 | ||||||
| Vehicle repair & maintenance cost per km (after allocation) | $0.20 | $0.21 | $0.16 | $0.11 | ||||||
| Total additional cost per km per day for 1 way | $1.04 | $1.05 | $0.94 | $0.72 | ||||||
| Total additional cost per km per month for 1 way | $20.75 | $21.00 | $18.85 | $14.18 | ||||||
| Total additional cost per km per month for 2 ways | $41.50 | $42.00 | $37.70 | $28.35 | ||||||
| 11 | Key Variable Cost | |||||||||
| Diesel cost (after allocation) | $675 | $600 | $585 | $298 | ||||||
| Minimum change to warrant increase in fee by $1 per student | ||||||||||
| (increase monthly fee by $1 per student if diesel cost goes up by): | ||||||||||
| - 1 session (No. of students/Diesel cost after allocation) | 5.2% | 5.0% | 3.8% | 4.4% | ||||||
| - 2 sessions (No. of students/Diesel cost after allocation) | 7.9% | 7.5% | 5.6% | 6.7% | ||||||
| Driver's Salary (after allocation) | $1,000 | $1,080 | $975 | $910 | ||||||
| Minimum change to warrant increase in fee by $1 per student | ||||||||||
| (increase monthly fee by $1 per student if salary cost goes up by): | ||||||||||
| - 1 session (No. of students/Driver's salary after allocation) | 3.5% | 2.8% | 2.3% | 1.4% | ||||||
| - 2 sessions (No. of students/Driver's salary after allocation) | 5.3% | 4.2% | 3.4% | 2.2% | ||||||