Question: Daniel Hill is considering purchasing a new car. The price of the car is $59000, and Daniel hopes to keep it 3 years and

Daniel Hill is considering purchasing a new car. The price of the car is $59000, and Daniel hopes to keep it

Daniel Hill is considering purchasing a new car. The price of the car is $59000, and Daniel hopes to keep it 3 years and then sell it for $23600. Based on past experience, Daniel drives about 13,00m km per year and lives in a downtown apartment where they must pay a $34 per month parking fee Daniel has budgeted the following automobile expense items for the next 3 years Fixed/Variable Expense Gasoline(12.91. Per 100KMX$1.65 Per Liter) Licence/Registration Insurance Maintenance Tires ($1327 per set that last 43000KM) Parking (36 Months) Interest Depreciation (STRAIGHT LINE) Cost $381 $2849 $780 SE $1224 $2300 CALCULATE THE FOLLOWING USING THE ABOVE INFORMATION: TOTAL FIXED COSTS (TFC) TOTAL VARIABLE COSTS (TVC) TOTAL COSTS (TC) Variable Fixed Fixed Variable Variable Fixed Fixed Fixed TOTAL KMS AVG FIXED COSTS/KM AVG. VARIABLE COSTS/KM AVG TOTAL COSTS/KM 39000KM

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