Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribedimage text in transcribed

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

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_2

Step: 3

blur-text-image_step3

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

Intermediate Accounting

Authors: James D. Stice, Earl K. Stice, Fred Skousen

17th Edition

ISBN: 032459237X, 978-0324592375

More Books

Students also viewed these Accounting questions