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Item8

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You have gathered the following vehicle costs:

Vehicle Costs
Annual depreciation	$	3,600	Annual mileage		19,000
Current years loan interest	$	1,570	Miles per gallon		24
Insurance	$	1,180	Average gasoline price	$	3.70	per gallon
License and registration fees	$	68	Oil changes/repairs	$	465
Parking/tolls	$	463

(a)	Calculate the annual variable and fixed costs of the vehicle.

(b)	Compute the operating cost per mile. (Enter your answer in cents rounded to 1 decimal place.)