Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume that a manufacturing company incurred the following costs: DirectlaborAdvertisingFactorysupervisionSalescommissionsDepreciation,officeequipmentIndirectmaterialsDepreciation,factorybuildingAdministrativeofficesalariesUtilities,factoryequipmentDirectmaterialsInsurance,factoryPropertytaxes,factory$90,000$40,000$33,000$15,000$4,000$5,000$24,000$1,000$2,500$105,000$8,000$7,000 What is the total fixed cost? Multiple Choice $122,000 $117,000 $72,000 $136,000
Assume that a manufacturing company incurred the following costs: DirectlaborAdvertisingFactorysupervisionSalescommissionsDepreciation,officeequipmentIndirectmaterialsDepreciation,factorybuildingAdministrativeofficesalariesUtilities,factoryequipmentDirectmaterialsInsurance,factoryPropertytaxes,factory$90,000$40,000$33,000$15,000$4,000$5,000$24,000$1,000$2,500$105,000$8,000$7,000 What is the total fixed cost? Multiple Choice $122,000 $117,000 $72,000 $136,000
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