Annual depreciation $ 2,600 Annual mileage 20,400 Current year’s loan interest $ 1,100 Miles per gallon...
| Annual depreciation | $ | 2,600 | Annual mileage | 20,400 | ||
| Current year’s loan interest | $ | 1,100 | Miles per gallon | 24 | ||
| Insurance | $ | 1,090 | Average gasoline price | $ | 3.40 | per gallon |
| License and registration fees | $ | 74 | Oil changes/repairs | $ | 464 | |
| Parking/tolls | $ | 496 | ||||
| (a) | Compute the total annual operating cost of the motor vehicle. (Round your answers to the nearest whole dollar.) |
| Total variable cost | $ | |
| Total fixed cost | $ | |
| (b) | Compute the operating cost per mile. (Input your answer in cents rounded to 1 decimal place.) |
| Operating cost | cents per mile |
Homework Answers
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Annual
depreciation
$
2,600
Annual mileage
20,400
Current year’s loan
interest
$
1,100
Miles per
gallon...
Based on the data provided here, calculate the items requested: Annual depreciation $ 3,000 Annual mileage...
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Based on the data provided here, calculate the items requested: Annual depreciation Current year's loan interest...
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Based on the data provided here, calculate the items requested: Annual depreciation Current year's loan interest Insurance Average gasoline price Parking/tolls $ 2,500 $ 650 $ 680 $ 3.50 per gallon $ 420 Annual mileage Miles per gallon License and registration fees Oil changes/repairs $ $ 13,200 24 65 370 a. Calculate total annual operating cost of the motor vehicle. Total variable cost Total fixed cost Total annual operating cost b. Calculate operating cost per mile. (Round your answer to...
Based on the data provided here, calculate the items requested: 14,160 Annual depreciation $2,500 Current year's loan interest $ 690 Insurance $ 800 Annual mileage Miles per gallon License and registration fees Oil changes/repairs 24 105 $ $ 610 Average gasoline price Parking/tolls $3.50 per $ 580 a. Calculate total annual operating cost of the motor vehicle. A Total variable cost Total fixed cost Total annual operating cost A $ Calculate operating cost per mile. (Enter your answer in cents...
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