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Annual depreciation $3,900 License and registration fees $ 66 Annual mileage 19,300 Average gasoline price $ 3.40 per gallon Current year's loan interest $1,450 Oil
Annual depreciation | $3,900 | License and registration fees | $ | 66 | ||
Annual mileage | 19,300 | Average gasoline price | $ | 3.40 | per gallon | |
Current year's loan interest | $1,450 | Oil changes/repairs | $ | 438 | ||
Miles per gallon | 24 | Parking/tolls | $ | 424 | ||
Insurance | $1,410 |
(a) | Compute the total annual operating cost of the motor vehicle.(Round your answers to the nearest dollar amount. Omit the "$" sign in your response.) |
Total variable cost | $ | |
Total fixed cost | $ |
(b) | Compute the operating cost per mile.(Round your answer to 1 decimal place.) |
Operating cost | cents |
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