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Toledo Toy Company incurred the following costs during 20x4. The company sold all of its products manufactured during the year. Direct Materials 5,000,000 Direct Labor

Toledo Toy Company incurred the following costs during 20x4. The company sold all of its products manufactured during the year.

Direct Materials 5,000,000
Direct Labor 3,500,000
Manufacturing Overhead:
Utilities (primarily electricity) 250,000
Depreciation Plant and Equipment 350,000
Insurance 260,000
Supervisory Salary 470,000
Property Taxes 330,000
Selling Cost:
Advertising 315,000
Sales Commission 145,000
Administrative Costs:
Salaries of Top management 580,000
Office Supplies (fixed) 70,000
Depreciation on Building and Equipment 140,000

During 20x4, the company operated at about half of its capacity, due to a slowdown in the economy. Prospects for 20x5 are slightly better. Jared Lowes, the marketing manager, forecasts a 30 percent growth in sales over the 20x4 level

How much is the TOTAL FIXED COST of Toledo Toy Company in 20x4?

Group of answer choices

2,515,000

2,445,000

2,375,000

2,500,000

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