Assume (1) total sales are $300,000,(2) the direct labor cost of $40,000 is 25% of total conversion costs and 40% of total prime costs, (3) the total selling and administrative expense is $62,000,(4) the only variable selling and administrative expense is sales commissions of 4% of sales, (5) all manufacturing overhead costs are fixed costs, and (6) there are no beginning or ending inventories. What is the total fixed cost? Multiple Choice $182,000 $120,000 $170,000 $112,000