Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that a manufacturing company incurred the following costs: Direct labor $ 90,000 Advertising $ 40,000 Factory supervision $ 35,000 Sales commissions $ 15,000 Depreciation,

Assume that a manufacturing company incurred the following costs:

Direct labor $ 90,000
Advertising $ 40,000
Factory supervision $ 35,000
Sales commissions $ 15,000
Depreciation, office equipment $ 4,000
Indirect materials $ 5,000
Depreciation, factory building $ 21,000
Administrative office salaries $ 1,000
Utilities, factory equipment $ 2,500
Direct materials $ 105,000
Insurance, factory $ 10,000
Property taxes, factory $ 7,000

What is the total fixed cost?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Risk Based-Approach

Authors: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

11th Edition

1337619455, 1337619450, 9781337670203 , 978-1337619455

More Books

Students also viewed these Accounting questions