nancyzir929
Answered

Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Connect with professionals ready to provide precise answers to your questions on our comprehensive Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Last year, Ishiro Novato drove 21,986 miles and had these expenses: gas $1,187.25; maintenance and miscellaneous $118.80; parking and tolls $125.00; tires $300.00; wash and wax $75; insurance $614.80; license $34.90; and depreciation $1,780.00

Cost per Mile = Annual Variable Cost + Fixed Cost
Number of Miles Driven
it would mean a lot to me if someone would answer this for me

Sagot :

sqdancefan

Answer:

  $0.187 per mile

Step-by-step explanation:

The sum of the expenses for the year is ...

  $1,187.25 +$118.80 +$300.00 +$75 +$614.80 +$34.90 +$1,780.00

  = $4110.75

Then the cost per mile is ...

  cost/miles = $4110.75 / 21986 ≈ $0.18697

The cost per mile is about $0.187, or 18.7¢ per mile.

__

If you need whole cents, that's about $0.19 per mile.

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.