Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume that a manufacturing company incurred the following costs: Direct labor $ 90,000 Advertising $ 40,000 Factory supervision $ 38,000 Sales commissions $ 15,000 Depreciation,
Assume that a manufacturing company incurred the following costs:
| Direct labor | $ | 90,000 | |
| Advertising | $ | 40,000 | |
| Factory supervision | $ | 38,000 | |
| Sales commissions | $ | 15,000 | |
| Depreciation, office equipment | $ | 4,000 | |
| Indirect materials | $ | 5,000 | |
| Depreciation, factory building | $ | 29,000 | |
| Administrative office salaries | $ | 1,000 | |
| Utilities, factory equipment | $ | 2,500 | |
| Direct materials | $ | 105,000 | |
| Insurance, factory | $ | 7,000 | |
| Property taxes, factory | $ | 7,000 | |
What is the total fixed cost?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Loss Control Auditing A Guide For Conducting Fire Safety And Security Audits
Authors: E. Scott Dunlap
1st Edition
1439828865, 978-1439828861
