Circuit Boards R Us (CBRU) uses regression analysis to estimate the monthly cost of producing circuit boards. A regression analysis with labor hours as the cost driver has the following output: Y = $ 50,000 + $ 20 * direct labor hours. During the most recent month, CBRU utilized 2,000 labor hours. What was the amount of fixed costs?

A.

$ 50,000

B.

$ 20

C.

$ 90,000

D.

$ 40,000