You have gathered the following vehicle costs:
Vehicle Costs Annual depreciation$2,900 Annual mileage 17,300 Current year's loan interest$950 Miles per gallon 24 Insurance$720 Average gasoline price$2.95 per gallon License and registration fees$66 Oil changes/repairs$450 Parking/tolls$432
(a) Calculate the annual variable and fixed costs of the vehicle.
(b) Compute the operating cost per mile. (Enter your answer in cents rounded to 1 decimal place.)