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Chigzy Limited has the following information available about fleet miles and operating costs: Year Miles Operating Costs 2017 15,000 160,000 2018 16,000 155,000 2019 20,000

Chigzy Limited has the following information available about fleet miles and operating costs:

Year

Miles

Operating Costs

2017

15,000

160,000

2018

16,000

155,000

2019

20,000

180,000

From the above data:

  1. What is the total variable cost and total fixed cost element of the operating costs in 2019?
  2. If the budget for 2020 predicts a total mileage of 22,000 miles, what will be the predicted total mixed operating cost for the year?

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