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- Multiple ChoicePlease save your changes before editing any questions.
The formula for Cost per Mile is

(Annual Variable Cost + Annual Fixed Cost) / Number of miles driven

The answer is the other option

- Multiple ChoicePlease save your changes before editing any questions.
Find the total cost and the cost per mile.

Variable Cost: $900

Fixed Cost: $1700

Miles Driven: 10,000

Total Cost: $2600 ; Cost Per Mile: $0.26

Total Cost: $2600 ; Cost Per Mile: $2.60

Total Cost: $1700 ; Cost Per Mile: $0.26

Do not forget to submit your work!!!

- Multiple ChoicePlease save your changes before editing any questions.
Find the total cost and the cost per mile.

Variable Cost: $1137.26

Fixed Cost: $2491.24

Miles Driven: 12,000

Total Cost: $3,000 ; Cost Per Mile: $0.30

Total Cost: $3628.50 ; Cost Per Mile: $3.00

Total Cost: $3628.50 ; Cost Per Mile: $0.30

Do not forget to submit your work!

- Multiple ChoicePlease save your changes before editing any questions.
Find the total cost and the cost per mile.

Variable Cost: $1000

Fixed Cost: $1250

Miles Driven: 9000

In the answer, the first number indicates the Total Cost and the second indicates the cost per mile

$9000 ; $0.25

$2,250 ; $0.25

$2,250 ; $25

$2,250 ; $0.89

- Multiple ChoicePlease save your changes before editing any questions.
Find the total cost and the cost per mile.

Variable Cost: $1530

Fixed Cost: $1275

Miles Driven: 11000

In the answer, the first number indicates the Total Cost and the second indicates the cost per mile

$3900 ; $0.43

$2999 ; $0.22

$2805 ; $2.26

$2805 ; $0.26

- Multiple ChoicePlease save your changes before editing any questions.
Find the total cost and the cost per mile.

Variable Cost: $2114

Fixed Cost: $3786

Miles Driven: 14,700

In the answer, the first number indicates the Total Cost and the second indicates the cost per mile

$5900 ; $0.40

$5500 ; $0.39

$5200 ; $0.45

$5600 ; $0.88

- Multiple ChoicePlease save your changes before editing any questions.
Find the total cost and the cost per mile.

Variable Cost: $1584

Fixed Cost: $934.35

Miles Driven: 6800

In the answer, the first number indicates the Total Cost and the second indicates the cost per mile

$2200.35 ; $0.88

$2518.35 ; $0.37

$2500.35 ; $0.37

$2899 ; $0.06

- Multiple ChoicePlease save your changes before editing any questions.
Find the total cost and the cost per mile.

Variable Cost: $2312.50

Fixed Cost: $4321.90

Miles Driven: 20,415

In the answer, the first number indicates the Total Cost and the second indicates the cost per mile

$8888.88 ; $99

$6578 ; $0.33

$5383.23 ; $0.22

$6634.40 ; $0.32

- Multiple ChoicePlease save your changes before editing any questions.
Mark Grassie is a student at Penn State. He drove 9500 miles last year. His fixed costs included insurance costing $600, License and Registration costing $115, and thinks the car has depreciation is $500. His variable costs are $985. What was the total annual cost? What was the cost per mile?

$2200 ; $0.23

$2200 ; $0.20

$2400 ; $0.23

$22022 ; $0.23

- Multiple ChoicePlease save your changes before editing any questions.
Jay Sarvaiya is a salesperson. He drove 24,500 miles last year. His fixed costs are $2460. His variable costs included gasoline for $540 , oil changes for $300, parking for $300 , and repairs for $2800. What was the annual cost? What was the cost per mile?

$5493 ; $40

$6400 ; $0.21

$6400 ; $0.26

$6200 ; $0.22

- Fill in the BlankPlease save your changes before editing any questions.
Steve Dzuria is an engineer. He bought his car for $18,000 last year and now estimates the value of his car to be $17,000. He drove 15,460 miles last year. His fixed costs include insurance for $100, license for $27.40 and depreciation. His variable costs included gasoline for $600 , oil changes for $300, parking for $300 , and repairs for $876.30. What was the cost per mile? (Round to the nearest cent!)