Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

where they must pay a $ 5 6 per month parking fee. Eliza has budgeted the following automobile expense items for the next 8 years:

image text in transcribed
where they must pay a $56 per month parking fee. Eliza has budgeted the following automobile expense items for the next 8 years:
\table[[Expense,Cost,Fixed/Variable],[Gasoline(11L Per 100KM)($1.48 Per Liter),$,Variable],[Licence/Registration,$749,Fixed],[Insurance,$4427,Fixed],[Maintenance,$5200,Variable],[Tires ($1310 per set that last 57000KM),$,Variable],[Parking (96 Months),$5376,Fixed],[Interest,$2630,Fixed],[Depreciation (STRAIGHT LINE),$,Fixed]]
CALCULATE THE FOLLOWING USING THE ABOVE INFORMATION:
\table[[,,TOTAL KMS,104000KM],[TOTAL FIXED COSTS (TFC),$,AVG. FIXED COSTS / KM,$],[TOTAL VARIABLE COSTS (TVC),$,AVG. VARIABLE COSTS / KM,$],[TOTAL COSTS (TC),$,AVG. TOTAL COSTS/KM,$]]
that costs are split as follows.
TotalKMsDriveontheROUNDtriptoLasVegasKMCostofGasOnly$VariableCostOnly$TotalCosts$
Below is a chart with different distances and their total cost for this vehicle please find the marginal costs for as distance increases.
\table[[Distance(KM),Total Costs ($),Marginal Costs($) PER KM],[0,$,-],[25000,$40827,$],[50000,$45611,$],[75000,$51749,$],[100000,$58260,$],[125000,$65267,vdots]]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Advanced Accounting In Canada

Authors: Hilton Murray, Herauf Darrell

7th Edition

1259066487, 978-1259066481

More Books

Students also viewed these Accounting questions

Question

T F Small businesses are major players in international business.

Answered: 1 week ago