Financial Statement Preparation |
| USED VEHICLE DEPARTMENT – SALES EXPENSE |
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PUVRPUVR (Month & YTD): Divide each account by number of used vehicles retailed (line 18) to obtain Per Used Vehicle Retail results Car/Truck GrossThe combined Used Car and Truck gross amount from line 18, page 4 Cost of Sales Adjustments: LIFOTotal New LIFO Adjustments F&I Net Income (Line 32)Amount from line 32 page 4, Used Vehicle Section Total VehicleTotal Used Vehicle gross divided by Used Vehicle sales Commissions and Incentives - SalespersonCommissions and incentives earned on the sale of used vehicles by Salespersons Commissions and Incentives - Sales ManagersCommissions and incentives earned on the sale of used vehicles by Sales Managers Commissions and Incentives - F&ICommissions and incentives earned on the sale of used vehicles by F&I Department employees Pre-DeliveryExpenses incurred in preparing used vehicles for delivery at internal rates Pre-Delivery AllowancesAllowances paid by Ford or other manufacturers for prep and conditioning of used vehicles Free Service/Maintenance & PolicyExpenses incurred in performing free inspections and service on used vehicles at internal rates Total Variable ExpenseTotal of lines 40 thru 45 Variable GrossTotal of line 37 minus line 46 Salaries - SalespersonSalaries earned by used vehicle salespersons, including vacation, holiday pay and training time Salaries - Sales ManagersSalaries earned by supervisors of used vehicle salespersons including vacation, holiday pay and training time Salaries - OtherSalaries, wages and incentives earned by clerical and other employees of used vehicle department Salaries - F&ISalaries and wages earned by Used F&I Department employees including vacation, holiday pay and training Total AdvertisingTotal from Page 3A, Line 62. Advertising RebatesRebates or refunds to the dealer from dealer advertising associations: Used vehicle section PromotionSales promotion costs directly related to sale of used vehicles TrainingTraining costs directly related to sale of used vehicles Demo ExpenseExpense of financing, repair and maintenance of demos in service for benefit of used vehicle department Service LoanersPortion of expense for Service Loaners related to the used vehicle department F&I OtherExpenses other than salaries commissions and incentives that are chargeable to the Used F&I Department Interest - Floor PlanInterest charges incurred on loans to finance used vehicles in inventory Floor Plan AssistanceFloor plan assistance monies provided, Total Semi-Fixed ExpensesTotal of lines 48 thru 52 & 54 thru 61 Selling GrossTotal of line 47 less line 62 |