Question: Based on the data provided here, calculate the items requested: Annual depreciation $ 3,000 Annual mileage 14,880 Current year's loan interest $ 720 Miles per
| Based on the data provided here, calculate the items requested: |
| Annual depreciation | $ | 3,000 | Annual mileage | 14,880 | ||
| Current year's loan interest | $ | 720 | Miles per gallon | 24 | ||
| Insurance | $ | 890 | License and registration fees | $ | 135 | |
| Average gasoline price | $ | 3.50 | per gallon | Oil changes/repairs | $ | 790 |
| Parking/tolls | $ | 700 | ||||
| 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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