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Question

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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