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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 $2,600 Annual mileage $1,100
You have gathered the following vehicle costs: Vehicle Costs Annual depreciation Current year's loan interest Insurance License and registration fees Parking/tolls $2,600 Annual mileage $1,100 Miles per gallon $1,090 Average gasoline price $ 74 Oil changes/repairs $ 496 20,400 24 $ 3.40 per gallon $ 464 (a) Calculate the annual variable and fixed costs of the vehicle. (Round answer to nearest whole number.) Answer is complete but not entirely correct. Variable & Fixed Costs Annual variable cost $ Annual fixed cost $ AEA 0 4,774 (b) Compute the operating cost per mile. (Enter your answer in cents rounded to 1 decimal place.) Answer is complete but not entirely correct. Operating cost 3,850.0 cents per mile
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