MQI GP45
Controllable costs acronym – answer DUCTFOB
What does DUCTFOB stand for? – answer Depreciation
Uninsured Losses
Customer Satisfaction
T&E
Fuel
Overtime
Bad Debt
Gross Costs Mnemonic – answer Did I Remember To Maintain My Fuel?
Gross Costs List - answer Depreciation
Interest
Reserves (comp/coll + liability)
Rent
Taxes & licensing
Maintainence (prev/non-prev)
Miscellaneous
Fuel
Average # of units equation - answerMidnight car count each night/number of days in
the month
Average Days Earned equation - answerAvg total # of units / utilization
Total Income equation - answerC&I + Net O
How do we calculate depreciation? - answerAdded cost of all cars in a given class / # of
cars = average cost of vehicles in a car class
Average cost x 1.7 = monthly depreciation expense
Monthly depreciation expense / # days in a month = daily depreciation expense for any
given unit
Operating Profit Equations - answerOP = total income - gross costs - daily rental
expenses - overhead
OP = total income - breakeven
Controllable costs acronym – answer DUCTFOB
What does DUCTFOB stand for? – answer Depreciation
Uninsured Losses
Customer Satisfaction
T&E
Fuel
Overtime
Bad Debt
Gross Costs Mnemonic – answer Did I Remember To Maintain My Fuel?
Gross Costs List - answer Depreciation
Interest
Reserves (comp/coll + liability)
Rent
Taxes & licensing
Maintainence (prev/non-prev)
Miscellaneous
Fuel
Average # of units equation - answerMidnight car count each night/number of days in
the month
Average Days Earned equation - answerAvg total # of units / utilization
Total Income equation - answerC&I + Net O
How do we calculate depreciation? - answerAdded cost of all cars in a given class / # of
cars = average cost of vehicles in a car class
Average cost x 1.7 = monthly depreciation expense
Monthly depreciation expense / # days in a month = daily depreciation expense for any
given unit
Operating Profit Equations - answerOP = total income - gross costs - daily rental
expenses - overhead
OP = total income - breakeven
