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Problem 6-9 (LO6.2) Based on the data provided here, calculate the items requested: Annual depreciation Current year's loan interest Insurance Average gasoline price Parking/tolls
Problem 6-9 (LO6.2) Based on the data provided here, calculate the items requested: Annual depreciation Current year's loan interest Insurance Average gasoline price Parking/tolls $ 2,500 $ 650 $ 680 a. Calculate total annual operating cost of the motor vehicle. Total variable cost Total fixed cost Total annual operating cost Annual mileage Miles per gallon License and registration fees $ 3.50 per gallon $420 Oil changes/repairs b. Calculate operating cost per mile. (Round your answer to 2 decimal places.) Operating cost per mile 13,200 24 $ 65 $ 370
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