What are the fixed costs? a. $40,000 b. $250,000 c. $0 d. $200,000 Local Bank does not
Question:
What are the fixed costs?
a. $40,000
b. $250,000
c. $0
d. $200,000
Local Bank does not know how much of its salaries related to cheque processing are fixed and how much are variable. However, total costs have been estimated at \($750,000\) for processing of 1,000,000 transactions and \($850,000\) for processing of 1,200,000 transactions.
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