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You have gathered the following vehicle costs: Vehicle Costs Annual depreciation Current year's loan interest $2,300 Annual mileage $1,200 Miles per gallon Insurance $ 700
You have gathered the following vehicle costs: Vehicle Costs Annual depreciation Current year's loan interest $2,300 Annual mileage $1,200 Miles per gallon Insurance $ 700 Average gasoline price License and registration fees Parking/tolls $ 74 Oil changes/repairs $ 514 18,900 24 $ 2.15 per gallon $ 405 (a) Calculate the annual variable and fixed costs of the vehicle. (Round answer to nearest whole number.) Variable & Fixed Costs Annual variable cost Annual fixed cost (b) Compute the operating cost per mile. (Enter your answer in cents rounded to 1 decimal place.) Operating cost cents per mile
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