question archive Kristen Lu purchased a used automobile for $27,250 at the beginning of last year and incurred the following operating costs: Depreciation ($27,256 + 5 years) $ 5,456 Insurance $ 2,866 Garage rent :3 1,566 Automobile tax and license 35 756 Variable operating cost $ 6
Kristen Lu purchased a used automobile for $27,250 at the beginning of last year and incurred the following operating costs: Depreciation ($27,256 + 5 years) $ 5,456 Insurance $ 2,866 Garage rent :3 1,566 Automobile tax and license 35 756 Variable operating cost $ 6
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Kristen Lu purchased a used automobile for $27,250 at the beginning of last year and incurred the following operating costs: Depreciation ($27,256 + 5 years) $ 5,456 Insurance $ 2,866 Garage rent :3 1,566 Automobile tax and license 35 756 Variable operating cost $ 6.69 per' mile The variable operating cost consists ofgasoline, oil, tires, maintenance, and repairs. Kristen estimates that, at her current rate of usage, he car will have zero resale value in five years, so the annual straight—line depreciation is $5,450. The car is kept in a garage for a nonthly fee. Required: '. Kristen drove the car 21,000 miles last year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) Average fixed cost per mile Variable operating cost per mile Average cost per mile
