Exercise 12-11 (Algo) Estimating costs based on behavior patterns LO 12-3 Thomas estimates that the...
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Exercise 12-11 (Algo) Estimating costs based on behavior patterns LO 12-3 Thomas estimates that the costs of insurance, license, and depreciation to operate his car total $435 per month and that the gas, and maintenance costs are 34 cents per mile. Thomas also estimates that, on average, he drives his car 2,000 miles per month. Required: a. How much cost would Thomas expect to incur during September if he drove the car 1,548 miles? Note: Round your answer to 2 decimal places. b. Would it be meaningful for Thomas to calculate an estimated average cost per mile for a typical 2,000 -mile month
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