Question 4 of 4 712 E View Policies Current Attempt in Progress Cost-volume-profit analysis can also be used in making personal financial decisions. For example, the purchase of a new car is one of your bigest personalependitures. It is important that you carefully analyze your options Suppose that you are considering the purchase of a hybrid vehicle Let's assume the following facts. The hybrid will initially cost an additional $4.140 above the cost of a traditional vehicle. The hybrid will get 30 miles per pallon of gas and the traditional car will get 20 miles per gallon. Also, assume that the cost of gas is $3.60 per gallon Using the facts above answer the following questions la) What is the variable gasoline cost of going one mile in the hybrid car? What is the variable cost of going one mile in the traditional car? (Round answers to 2 decimal ple, 0.25) Hybrid car Traditional car Variable gasoline cost $ 5 e Texthank and Modi Save for Later Attempts of 5 used Sumi Anwar b (b) Using the information in above part, it miles" is your unit of measure, what is the contribution margin of the hybrid vehicle relative to the traditional vehicle? That is, express the variable cost savines on a permite basis (Round answer to 2 decimal place, 4.0.25) The savines per mile $ 4 e Textbook and Media Store Attempts: 0 of 5 used Submit An (c) e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (c) How many miles would you have to drive in order to break even on your investment in the hybrid car? miles Teactbook and Media Suretorno Attempts: 0 of 5 used Submit Answer ere to search O HI 30F Sunny