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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!)