Question: Based on the data provided here, calculate the items requested: Annual depreciation $ 3,000 Annual mileage 15,360 Current year's loan interest $ 740 Miles per

Based on the data provided here, calculate the items requested:

Annual depreciation $ 3,000 Annual mileage 15,360
Current year's loan interest $ 740 Miles per gallon 24
Insurance $ 950 License and registration fees $ 155
Average gasoline price $ 3.50 per gallon Oil changes/repairs $ 910
Parking/tolls $ 780

a. Calculate total annual operating cost of the motor vehicle.

Total variable cost $
Total fixed cost $
Total annual operating cost $

b. Calculate operating cost per mile. (Enter your answer in cents rounded to 1 decimal place.)

Operating cost per mile cents

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