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Exercise 12-11 (Algo) Estimating costs based on behavior patterns LO 3 Larry estimates that the costs of insurance, license, and depreciation to operate his car

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Exercise 12-11 (Algo) Estimating costs based on behavior patterns LO 3 Larry estimates that the costs of insurance, license, and depreciation to operate his car total $460 per month and that the gas, oil, and maintenance costs are 44 cents per mile. Larry also estimates that, on average, he drives his car 2,000 miles per month. Required: a. How much cost would Larry expect to incur during April if he drove the car 1,539 miles? (Round your answer to 2 decimal places.) Total cost b. Would it be meaningful for Larry to calculate an estimated average cost per mile for a typical 2,000-mile month? Yes No

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