Answer To Moult Hall

Satisfactory Essays
Answer to Moult Hall [calculations]
Winston’s proposal:
This is a long term project so full costing is used: £
Revenue (1,900 x 15 x 50) 1,425,000
Costs:
Depreciation [15 year life assets] (5,100)
Depreciation [5 year assets] (8,400)
Safety wear (4,000)
Track Maintenance (5,000)
Salaries [2 x 15,000] (30,000)
Decoration [18,000 + 8,000] (26,000)
Food and drink [41,250 + 48,750] (90,000)
Fuel [11,250 + 10,000] (21,250)
Wages [22,000 + 8,000 + 38,000 + 15,000] (83,000)
Overall surplus 1,152,250
Payment to Trust (750,000)
Profit to Winston 402,250

This assumes using the cheaper method of installing the fuel tank. However it is likely that Winston would want to put it underground for aesthetic reasons. This would increase the 15 year depreciation charge by £700 per annum and the profit to Winston would be £401,550

Pilot project Proposal
This is a one-off project and so relevant costing should be used £
Revenue [9 x £150 x 30wks] 40,500
Relevant costs
Food [40 x 10 x 30] (12,000)
Wages (15,900)
Electricity [4 x 10 x 30] (1,200)
Domestic [10 x 10 x 30] (3,000)
Minibus [12 x 10 x 30] (3,600)
Opportunity cost of minibus [20 x 30] (600)
Maintenance ** (2,000)
One-off alterations (2,000)
Surplus 200

** Local authority charge for maintenance 2,000
Lost revenue from 1 guest [£150 x 30] 4,500
Total cost 6,500
Commercial maintenance cost 8,000
On these figures you would chose to get the Local Authority to do the work

The pilot proposal meets the objective of breaking even [just!]

Jonathan and Ingrid’s proposal after the end of the pilot project
We will assume that the necessary safety alterations take place at the end of the pilot project, thus losing 4 weeks opening in the first year.
Year 1 [includes the pilot project and 4 weeks closure] £
Surplus c/f from pilot 200

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