Universals fixed costs are $4.78M per month
Universal’s fixed costs are $4.78M per month for “other fixed costs” (e.g., building rent, manager salaries, etc.) regardless of fleet size. Vehicle inventory management costs are fixed at $7.43M per month for a fleet of 21,666 cars. With the 21,666 fleet, total fixed costs for the fleet per month are $4.78M + $7.43M = $12.21M? What are total fixed costs per car per month? Per car per day? Show your calculations. Note: Answer does not depend on Scenario.