Hollings Company sells and delivers office furniture in the Rocky Mountain area The costs associated with the acquisition and annual operation of a delivery truck are given below Insurance Licenses Taxes (vehicle) Garage rent for parking (per truck) Depreciation ($5,000 5 years) Gasoline, oil, tires, and repairs $1,450 $240 $135 $1,200 $1,000 $0.05 per mile Based on obsolescence rather than on wear and tear The owner insists that all appropriate licenses and insurance be paid even if the truck is left in the garage Requirement 1: Hollings Company has purchased one truck that has been driven 50,000 miles during the first year Compute the average cost per mile of owning and operating the truck. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Average cost per mile Requirement 2 Hollings company is unsure whether to use the truck or leave it parked in the garage and have all hauling done commercially. What costs are relevant in this decision? Variable operating costs Depreciation Automobile tax License costs Insurance costs (Click to select) V (Click to select) V (Click to select) (Click to select) (Click to select)