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You have gathered the following vehicle costs: Vehicle Costs Annual depreciation Current year's loan interest Insurance License and registration fees Parking/tolls $3,600 Annual mileage $

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You have gathered the following vehicle costs: Vehicle Costs Annual depreciation Current year's loan interest Insurance License and registration fees Parking/tolls $3,600 Annual mileage $ 900 Miles per gallon $1,570 Average gasoline price $ 71 Oil changes/repairs $ 440 20,500 24 $ 4.25 per gallon $ 394 (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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