60 20 80 150 1.90 Written work - Submission through Turnitin in Blackboard latest by WEEK 10 - 115 JUNE 2021 (FRIDAY) before MIDNIGHT Question 1:- Data Information Cost () Cost of Van 5500 Trade in price after two years or 60,000 miles is expected to be 1500 Maintenance - 6 monthly service costing Spares/replacement parts, per 1000 miles Vehicle license, per annum Insurance premium, per annum Petrol, per gallon Tyre replacement after 25,000 miles, four at 37.50 each Average mileage from one gallon is 25 miles a) From the above data you are required: 1. To prepare a schedule/table to be presented to management team showing for the mileage of 5000, 10000, 15000 and 30000 miles per annum: (1) Variable cost () Total fixed cost Total cost Variable cost per mile (in pence to nearest pound) (0) Fixed cost per mile (in pence to nearest pound) Total cost per mile in pence to nearest pound) If, in classifying the costs, you consider that some can be treated as either variable or fixed, state the assumption(s) on which your answer is based together with brief supporting reason(s) 2. On GRAPH, plot the information given in your answer to no (1) above for the costs listed against (1). (6), (ii) and (vi) 3. To read off from your graph(s) in no(2) and state the approximate total costs applicable to 18,000 miles and 25,000 miles and the total cost per mile at these two mileages (40 marks) b) 'The more miles you travel, the cheaper it becomes'. Do you agree OR disagree with this statement and why? (10 marks)