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a We are involved in a claim, an item of

8th December 1967
Page 63
Page 63, 8th December 1967 — a We are involved in a claim, an item of
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Which of the following most accurately describes the problem?

which is the cost of operating a goods vehicle in the 1-ton category fitted with petrol engine and averaging about 20,000 miles a year.

What would be the operating cost a mile and how would this be made up with and without wages?

ABased on the equivalent average weekly

mileage of 400 the five items of standing cost a week for this 1-tonner would be: licences 17s, wages £13 7s, rent and rates £1 1s 3d, insurance 11s 3d, interest £1 3s; total (with wages) £16 19s 6d; (without wages) £3 12s 6d.

Running cost a mile: fuel 3.28d. lubricants 0.23d, tyres 0.54d, maintenance 1.64d, depreciation 1.45d; total 7.14d.

The addition of standing costs and running costs gives a total operating cost, with driver's wages, of 17.33d a mile or £28 17s 6d a week. Without driver's wages the total operating cost is estimated to be 9.31d a mile or £15 10s 6d a week.

These estimates relate only to the items which directly arise from vehicle operation. They do not include any allowance for overhead or administrative costs.