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

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? (Round your answer to 2 decimal places.)

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