Saved\ Topic 4 Assignment\ 23\ 0.66\ points\

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\ Print\ References\ Problem 8-8 Calculating Motor Vehicle Operating Costs [LO8-2]\ You have gathered the following vehicle costs:\ \\\\table[[Vehicle Costs,,,,,],[Annual depreciation,

$2,500

,Annual mileage,,0,900,],[Current year's loan interest,

$910

,Miles per gallon,,24,],[Insurance,

$1,350

,Average gasoline price,

$

,4.30,per gallon],[License and registration fees,

$74

,Oil changes/repairs,

$

,391,],[Parking/tolls,507,,,,]]\ (a) Calculate the annual variable and fixed costs of the vehicle. (Round answer to nearest whole number.)\ \\\\table[[Variable & Fixed Costs],[Annual variable cost,],[Annual fixed cost,]]\ (b) Compute the operating cost per mile. (Enter your answer in cents rounded to 1 decimal place.)\ Operating cost\ cents per mile

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. (Round answer to nearest whole number.) (b) Compute the operating cost per mile. (Enter your answer in cents rounded to 1 decimal place.)