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Many costs are associated with owning a car. Assuming that miles driven is the volume activity, classify each of the following costs associated with car
Many costs are associated with owning a car. Assuming that miles driven is the volume activity, classify each of the following costs associated with car ownership as mainly variable or fixed. a. Purchase price of the car $25,000 b. Finance charges on car loan C Gas d. Oil changes every 5,000 miles e. Replacement tires f Insurance costs of $100 per month
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