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

Annual depreciation	$	2,500		Annual mileage		14,160
Current year's loan interest	$	690		Miles per gallon		24
Insurance	$	800		License and registration fees	$	105
Average gasoline price	$	3.50	per gallon	Oil changes/repairs	$	610
Parking/tolls	$	580

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