Problem 8-8

Problem 8-8 Calculating Motor Vehicle Operating Costs [LO8-2] You have gathered the following vehicle costs: a. Calculate the annual variable and fixed costs of the vehicle. b. Compute the operating cost per mile. \begin{tabular}{|l|} \hline \multicolumn{2}{|c|}{ Variable and Fixed Costs } \\ \hline Annual variable cost \\ \hline Annual fixed cost \\ \hline \end{tabular} Compute the operating cost per mile. Note: Do not round intermediate calculations