Problem $8-8$ Calculating Motor Vehicle Operating Costs $[$LO$8-2]$

You have gathered the following vehicle costs:

Vehicle Costs

Annual depreciation

Current year's loan interest

Insurance

License and registration fees

Parking and tolls

Annual mileage

Miles per gallon

Average gasoline price

$0$ il changes and repairs

$$3,900$

$$1,450$

$$1,410$

$$66$

$$424$

$19,300$

$24$

$$3\mathrm{.}40$ per gallon

$$438$

a$.$ Calculate the annual variable and fixed costs of the vehicle.

b$.$ Compute the operating cost per mile.

Complete this question by entering your answers in the tabs below.

Required a

Calculate the annual variable and fixed costs of the vehicle.

Note: Do not round intermediate calculations. Round answers to nearest whole number.

$\backslash$table$[[$Variable and Fixed Costs$],[$Annual variable cost,$],[$Annual foxed cost,$]]$

Problem $8-8$ Calculating Motor Vehicle Operating Costs $[$LO$8-2]$

You have gathered the following vehicle costs:

Vehicle Costs

Annual depreciation

Current year's loan interest

$$3,900$

Insurance

License and registration fees

Parking and tolls

Annual mileage

$$1,450$

Miles per gallon

$$1,410$

Average gasoline price

$$66$

$$424$

$0$ il changes and repairs

$19,300$

$24$

$$3\mathrm{.}40$ per gallon

$$438$

a$.$ Calculate the annual variable and fixed costs of the vehicle.

b$.$ Compute the operating cost per mile.

Complete this question by entering your answers in the tabs below.

Required a

Calculate the annual variable and fixed costs of the vehicle.

Note: Do not round intermediate calculations. Round answers to nearest whole number.

$\backslash$table$[[$Variable and Flxed Costs$],[$Annual variable cost$],[$Annual foxed cost$]]$