Question: Based on the data provided here, calculate the items requested: Annual depreciation $ 2,500 Current year's loan interest $ 650 Insurance $ 680 Average gasoline
Based on the data provided here, calculate the items requested: Annual depreciation $ 2,500 Current year's loan interest $ 650 Insurance $ 680 Average gasoline price Parking/tolls $ 3.50 per gallon $ 420 a. Calculate total annual operating cost of the motor vehicle. Total variable cost 424 Total fixed cost 3,830 Total annual operating cost 4,254 b. Calculate operating cost per mile. (Round your answer to 2 decimal places.) Operating cost per mile Annual mileage Miles per gallon License and registration fees Oil changes/repairs 13,200 24 $ 65 $ 370
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
