Dalron Pedro
11 HZ
Accounting Report: Control of Fixed Assets
Due date: 16 February 2015
Question 1
The drivers carry a full load of goods to Johannesburg but return empty to Durban. Are the drivers receiving a fair remuneration (wage) for work done? Motivate by using calculations.
Answer
Drivers are not getting a fair remuneration.
Drivers are paid per trip and not per hour or days’ work.
Drivers are not paid the same amount for the same trip, from Durban to Johannesburg and back.
Sibusizwe earns R500.00, Mike earns R450.00 and Xholani earns R550.00 per round trip.
Drivers work either day shift or night shift as such there should be different rates for working different shifts but they do not
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If the problem is not the control and is lying in the performance of the trucks itself he should consider selling truck 3 and buy a new truck that will perform and earn plus minus the income of truck 2.
In conclusion truck 3 is the newest truck, 1 year and 9 months old, but it has the lowest income earned per round trip and a high fuel and maintenance cost.
Therefore truck 3 is the least profitable of the three trucks.
Question 5
What advice would you give Jimmy so that he can maintain effective control over his trucks in the future?
Answer
For Jimmy to maintain effective control over his trucks the following is advised:
His trucks need to be maintained regular and on time in order to extend its lifespan and to ensure effective use of the trucks in order to generate maximum profit.
He must check the millage travelled on each round trip
Jimmy must install tracking devices on each truck to keep track of where the truck is at all times.
The tracking device will help to make sure that the trucks are not misused or abused by the drivers.
The tracking device will also give control over the number of hours of each round trip.
He must make sure that the trucks are properly insured against theft, accidents etc.
Jimmy must make sure that there are proper recording of each truck:
Fuel and maintenance cost
Cost per kilometre
Hours per round trip
Number of trips per week
This paper will dicuss the rising prices on fuel over the past few years. It will involve the trucking industry and explain how the rising of gas prices has effected trucking company. Crude Oil prices have passing over one hundred dollars a barrel. This has effected many independent owners-operators. This article will dicuss why some independent owners have decided that it is no longer profitable to drive a truck. Some owners have taking a different approach with the rise of crude oil. The article will discuss how some owners have reduced horsepower in the engines of their trucks in order to increase profit and have also choice to run day routes in smaller trucks.
-Also, if a vehicle reaches 90 MPH, the system will start tracking every 10 seconds until the speed is reduced.
Most instances concerning trucking or hauling companies comes in the form of the information kept about their drivers. Extremely thorough background checks are required for drivers of trucks carrying hazardous waste materials. The main part
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The purpose of this proposal is to present the idea of adding a GPS trackers to the current golf cart fleet at the Campus Course at Texas A&M.
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uses budgeted fleet hours to allocate variable manufacturing overhead. The following information pertains to the company 's manufacturing overhead data:
Marketers of the F-150 truck line traditionally target the construction industry with heavy towing capabilities and large carrying capacities. In January of 2015, “Ford starts most comprehensive truck marketing campaign to introduce the toughest, smartest, most capable F-150 ever” (Ford Motor Company, 2014). Marketers again target the working class men who depend on reliability, durability, and capability. Ford bombards the television ads, radio talk shows, consumer websites, print ads, and Hispanic sports competitions with information promising toughness. On the first day of the campaign, Ford placed three television commercials during a nationally televised college playoff football game showcasing the 2016 F-150. The first commercial, forward march, introduced the F-150 as being tougher, smarter, and more capable than the competition. The second advertisement, what’s next, concentrated on innovations such as a remote releasing tailgate, LED lighting, and a three hundred sixty degree exterior camera. The third commercial, move it, let consumers know that the 2015 F-150 has the best-in-class, six ton capacity payload (Ford Motor Company, 2014). The official Ford website has various videos informing the consumer on various topics including: road handling, an aluminum body that reduces the truck weight by seven hundred pounds, six ton load capacity, back up turning knob control and camera, safety, fuel efficiency, strength, and innovation (2014).
Larry must be more aware when operates a piece of machinery. While driving, he stand sideways in order to see frontwards and back. He also has to remain alert to vibrations and sounds. The mast, when rising, makes a very distinct noise that can be heard over the noise of the machine traveling. Secondly, in this situation, he should have heard and felt the mast hit Stage 2. In the case of unloading trailers, if a spotter is needed, he should wait until one is available. Larry is aware that there is minimal clearance and needs to be cautious when unloading freight. Per Policy #22, Larry will be retrained on how to maintain proper control of his
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Why do you need a reliable truck dispatcher if you are an owner operator or own a small fleet of trucks?
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Each Truck takes 36 m3 / load with 128 m3 / hr to get 0.28 hr/load.