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Fanatic Footwear has two store locations, midtown and at the beach. During October, the company reported net income of $80,000 on sales of $450,000. Sales
Fanatic Footwear has two store locations, midtown and at the beach. During October, the company reported net income of $80,000 on sales of $450,000. Sales in the midtown store were $170,000 and variable costs in the beach store were 40% of sales. The contribution margin in the midtown store was $85,000. If total direct fixed costs are $40,000, how much are total fixed costs for Fanatic Footwear? Group of answer choices $93,000 $150,000 $370,000 None of these answer choices are correct
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