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The varlable operating cost consists of gasoline, oll, tires, maintenance, and repalrs. Kristen estimates that, at her current rate of usage, the car will have
The varlable operating cost consists of gasoline, oll, tires, maintenance, and repalrs. 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 $2,290. The car is kept In a garage for a monthly fee. Required: 1. Kristen drove the car 11,000 miles last year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) 2. Kristen is unsure about whether she should use her own car or rent a car to go on an extended cross-country trip for two weeks during spring break. What costs above are relevant in this decision? (You may select more than one answer. Single cllck the box with the questlon mark to produce a check mark for a correct answer and double cllck the box wlth the questlon mark to empty the box for a wrong answer. Any boxes left with a questlon mark will be automatically graded as incorrect.) Variable operating costs Automobile tax
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