Based on the data provided here, calculate the items requested:
Annual depreciation $2,500
Current year's loan interest $650
Insurance $680
Average gasoline price $3.50per gallon
Parking/tolls $420
Annual mileage 13,200
Miles per gallon 24
License and registration fees $65
Oil changes/repairs $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 2 decimal places.)