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Exercise 13-14 (Algo) Identification of Relevant Costs (L013-1] Kristen Lu purchased a used automobile for $30,400 ot the beginning of tast year and incurred the

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Exercise 13-14 (Algo) Identification of Relevant Costs (L013-1] Kristen Lu purchased a used automobile for $30,400 ot the beginning of tast year and incurred the following operating costs: Depreciation ($30,400 . 5 years) Tourance Garage rent Automobile tax and license Variable operating coat $ 6,080 $ 3.100 $ 1.600 820 $ 0.14 per sile The variable operating cost consists of gasoline, oil, tires, maintenance, and repairs, Kristen estimates that, at her current rate of usage. the car will have zero resale value in five years, so the annual straight-line depreciation is $6,080. The car is kept in a garage for a monthly fee. Required: 1. Kristen drove the car 29,000 miles last year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) Average fixed cost per mile Variable operating cost per mile Average cost per mile

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