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Assume that a manufacturing company incurred the following cost $90,000 $ 40,000 $ 38,000 $ 15,000 Depreciation, office equipment $ 4,000 $ 5,000 $ 29,000 Direct labor Advertising Factory supervision Sales commissions Indirect materials Depreciation, factory building Administrative office salaries Utilities, factory equipment Direct materials Insurance, factory Property taxes, factory What is the total fixed cost? $1,000 $ 2,500 $ 105,000 $ 7,000 $ 7,000

Assume that a manufacturing company incurred the following cost $90,000 $ 40,000 $ 38,000 $ 15,000 Depreciation, office equipment $ 4,000 $ 5,000 $ 29,000 Direct labor Advertising Factory supervision Sales commissions Indirect materials Depreciation, factory building Administrative office salaries Utilities, factory equipment Direct materials Insurance, factory Property taxes, factory What is the total fixed cost? $1,000 $ 2,500 $ 105,000 $ 7,000 $ 7,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Assume that a manufacturing company incurred the following costs: $ 90,000 $ 40,000 $ 38,000 $ 15,000 Depreciation, office equipment $ 4,000 $5,000 Direct labor Advertising Factory supervision Sales commissions Indirect materials Depreciation, factory building Administrative office salaries Utilities, factory equipment Direct materials Insurance, factory Property taxes, factory What is the total fixed cost? $ 29,000 $1,000 $ 2,500 $ $ 7,000 $ 7,000 105,000
Transcribed Image Text:Assume that a manufacturing company incurred the following costs: $ 90,000 $ 40,000 $ 38,000 $ 15,000 Depreciation, office equipment $ 4,000 $5,000 Direct labor Advertising Factory supervision Sales commissions Indirect materials Depreciation, factory building Administrative office salaries Utilities, factory equipment Direct materials Insurance, factory Property taxes, factory What is the total fixed cost? $ 29,000 $1,000 $ 2,500 $ $ 7,000 $ 7,000 105,000
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