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 price $3.50per gallon

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 $3.50per gallon

Parking/tolls $420

Annual mileage13,200

Miles per gallon24

License and registration fees $65

Oil changes/repairs $370

Calculate total annual operating cost of the motor vehicle.

total variable cost?

total fixed cost?

total annual operating cost?

operating cost per mile?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!