Answer: $2620
Explanation:
Fixed cost are the cost that are used for production that doesn't vary with the production level.
From the question, the annual amount of the total fixed operating cost for this vehicle will be:
= Annual Depreciation + Automobile Insurance + License plates
= $1900 + $570 + $150
= $2620
It should be noted that oil change cost is a variable cost.
Therefore, the annual amount of the total fixed operating cost for this vehicle will be $2620.
When writing it don’t use “I” and. For an Opening try starting with any of these “it is often said that” “many people claim that” “in this day and age” now intro points try “first of all, it is worth considering” when introducing a quote try using “according to experts”
