Question: Question 6 of 6 10 E Current Attempt in Progress Cost-volume-profit analysis can also be used in making personal financial decision. For comple, the purchase

Question 6 of 6 10 E Current Attempt in Progress Cost-volume-profit analysis can also be used in making personal financial decision. For comple, the purchase of new carino your biggest personal expenditures. It is important that you carefully your options Suppose that you are considering the purchase or arbeid vehicle. Let's sume the following facts. The hybrid elitially cost additional $3,600 above the cost of traditional vehicle: The hybrid will get 30 miles per alion of the traditional car wil 20 miles per gallon. Also, assume that the cost of us is 53.60 per gallon Using the facts above answer the following questione (a) What is the variable soline cost of poing one mile in the hybrid car? What is the variable cost of one mile the traditional car(Round answers to 2 decimale 0.25) Hybrid car Traditional car Variable molte cost e Textbook and Media Smelor Later Attempts:0 of 5used Summer Question 6 of 6 (b) - / 10 Using the information in above part if miles" is your unit of measure, what is the contribution margin of the hybrid vehide relative to the traditional vehicle? That is express the variable cost savings on a permite basis. Pound answer to decimal places es. 0.25) The savings per mile eTextbook and Media Save for Later Attempts:0 of 5 used SAW () c How many miles would you have to drive in order to break even on your investment in the hybrid car? miles e Textbook and Media
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