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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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