1 Exercise 11-14 Identification of Relevant Costs (LO11-1) Kristen Lu purchased a used automobile for $15,850 at the beginning of last year and incurred the following operating costs: 2.54 po Depreciation ($15,050 SOAPS) Insurance Garaye rent Automobile tax and license Variable operating cost 93,170 $ 1.600 0 000 # 430 # 0.10 per sila References The variable operating cost consists of gasoline, oil, tires, maintenance, and repairs, Kristen estimates that, at her current rate of usage. the car will have zero resale value in five years, so the annual straight-line depreciation is $3,170. The car is kept in a garage for a monthly fee. Required: 1. Kristen drove the car 20,000 miles tast year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) 5 0.30 Average foxed cost per mile Variable operating cost per me Average cost per mile 0.00 3 $ 0.30