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You have gathered the following vehicle costs: Vehicle Costs Annual depreciation $ 2 , 5 0 0 Current year s loan interest $ 1 ,

You have gathered the following vehicle costs:
Vehicle Costs
Annual depreciation $ 2,500
Current years loan interest $ 1,480
Insurance $ 1,290
License and registration fees $ 70
Parking and tolls $ 487
Annual mileage 13,200
Miles per gallon 24
Average gasoline price $ 3.40 per gallon
Oil changes and repairs $ 422
Calculate the annual variable and fixed costs of the vehicle.
Compute the operating cost per mile.

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