PG Ferry services Pvt Ltd. provide ferry services between two towns. Distance one way is 18.52 nautical miles. Seating capacity of a ferry is 125…
CA Intermediate · Cost and Management Accounting · MTP · May 2025
PG Ferry services Pvt Ltd. provide ferry services between two towns. Distance one way is 18.52 nautical miles. Seating capacity of a ferry is 125 passengers. Actual passengers carried in each trip is 80% of seating capacity. Ferry run on all days of month (30 days). Ferry makes a round trips in a day. company is expecting a monthly revenue of 55,56,000. Calculate fare to be charged from a passenger for round trip.
Suggested Answer and Working Notes:
Correct Answer: Option (C)
1852
Topics: Service Costing
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