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my first answer to fixed costs was $8400 but that was marked wrong too 22 Exercise 12-14 Identification of Relevant Costs [LO12-1) Kristen Lu purchased

my first answer to fixed costs was $8400 but that was marked wrong too image text in transcribed
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22 Exercise 12-14 Identification of Relevant Costs [LO12-1) Kristen Lu purchased a used automobile for $21,500 at the beginning of last year and incurred the following operating costs: 0.3 points Depreciation ($21,500 = 5 years) Insurance Garage rent Automobile tax and license Variable operating cost $4,300 $2,300 $1,200 $600 $0.10 per mile 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 $4,300. The car is kept in a garage for a monthly fee. Required: 1. Kristen drove the car 21,000 miles last year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) 22 Answer is complete but not entirely correct. 0.3 points $ 4,100.00 Fixed cost per mile Variable operating cost per mile Average cost per mile $ 0.10 $ 4,100.10

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