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Determine (a) the total annual cost and (b) the cost per mile to the nearest cent. Liz Nolan drove 34,500 miles last year. The total of fixed costs was $9,916 and of variable costs was$4,897.
Solution
VerifiedAnswered 1 year ago
Answered 1 year ago
Step 1
1 of 4The goal of this activity is to determine a) the total annual cost and the b) cost per mile.
To do this, get the summation of costs, then divide it by the number of miles.
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