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Exercise 11-14 Identification of Relevant Costs [LO11-1) Kristen Lu purchased a used automobile for $36.050 at the beginning of last year and incurred the following

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Exercise 11-14 Identification of Relevant Costs [LO11-1) Kristen Lu purchased a used automobile for $36.050 at the beginning of last year and incurred the following operating costs: Depreciation (536,858 5 years) Insurance Garage rent Automobile tax and license Variable operating cost $ 7,210 $ 3,800 $ 2.000 $ 990 $ 0.13 per sile The variable operating cost consists of gasoline, ol, 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 $7.210. The car is kept in a garage for a monthly fee Required: 1. Kristen drove the car 28,000 miles last year, Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) Perage food cont permite Variable operating cost per me Average co por me

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