Question
Diamond Sports is a small company that purchases and sells cricket bats. The company has hired you to perform some management advisory services. The following
Diamond Sports is a small company that purchases and sells cricket bats. The company has hired you to perform some management advisory services. The following information pertains to 2018 operations.
|
| Sales (2000 cricket bats) | $900 000 |
|
| Cost of goods sold | 400 000 |
|
| Store manager's salary per year | 70 000 |
|
| Operating costs per year | 157 000 |
|
| Advertising and promotion per year | 15 000 |
|
| Commissions (4% of sales) | 36 000 |
What were total fixed costs for 2018?
| A. | $678 000 | |
| B. | $227 000 | |
| C. | $242 000 | |
| D. | $436 000 |
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Accounting Information Systems Controls And Processes
Authors: Leslie Turner, Andrea B. Weickgenannt, Mary Kay Copeland
5th Edition
1119989485, 9781119989486
