Question: Exercise 12-11 (Algo) Estimating costs based on behavior patterns LO 12-3 Thomas estimates that the costs of insurance, license, and depreciation to operate his car
Exercise 12-11 (Algo) Estimating costs based on behavior patterns LO 12-3 Thomas estimates that the costs of insurance, license, and depreciation to operate his car totar $445 per month and that the gas, oll and maintenance costs are 36 cents per mile. Thomas also estimates that, on averoge, he dives his car 2.000 miles per month. Required: a. How much cost would Thomas expect to incur duing September if he drove the car 1,545 miles? Note: Round your onswer to 2 decimal places. b. Would it be meaningful for Thomas to calculate an estimated average cost per mile for a typical 2,000 -milie month
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