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The MEH Company manufactures toy ships and had the following transactions: Owner's invest $18,000 to start the company Paid $2,200 rent on administrative office Purchased

The MEH Company manufactures toy ships and had the following transactions:

  • Owner's invest $18,000 to start the company
  • Paid $2,200 rent on administrative office
  • Purchased $3,000 of plastic for the ships
  • Paid $900 rent on factory and equipment
  • Paid $650 for advertising (variable cost)
  • Paid wages of $9,400 for factory workers
  • Paid salaries of $6,000 for administrative employees

During the period the company produced 4,000 units, but sold none.

What are the company's total fixed costs for the month?

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