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Beechtree Corporation sells chewing gum and during January they ran production machines for 29,000 hours total and incurred $12,000 in maintenance costs. During July they ran production machines for 15,000 hours total and incurred $8,800 in maintenance costs. Based on this data, what are the fixed costs? (Round intermediary calculations to the nearest cent. Use the "high" data month to calculate your final answer. Do not use the "low" month, as it will result in an approximation of the cost.) O A. $30,920 O B. $5,330 O C. $12,000 O D. $8,800

Beechtree Corporation sells chewing gum and during January they ran production machines for 29,000 hours total and incurred $12,000 in maintenance costs. During July they ran production machines for 15,000 hours total and incurred $8,800 in maintenance costs. Based on this data, what are the fixed costs? (Round intermediary calculations to the nearest cent. Use the "high" data month to calculate your final answer. Do not use the "low" month, as it will result in an approximation of the cost.) O A. $30,920 O B. $5,330 O C. $12,000 O D. $8,800

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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Beechtree Corporation sells chewing gum and during January they ran production machines for 29,000 hours total and incurred $12,000 in maintenance costs. During July they ran production machines for 15,000 hours total and incurred $8,800 in maintenance costs. Based on this data, what are the fixed costs? (Round intermediary calculations to the nearest cent. Use the "high" data month to calculate your final answer. Do not use the "low" month, as it will result in an approximation of the cost.) O A. $30,920 O B. $5,330 O C. $12,000 O D. $8,800
Transcribed Image Text:Beechtree Corporation sells chewing gum and during January they ran production machines for 29,000 hours total and incurred $12,000 in maintenance costs. During July they ran production machines for 15,000 hours total and incurred $8,800 in maintenance costs. Based on this data, what are the fixed costs? (Round intermediary calculations to the nearest cent. Use the "high" data month to calculate your final answer. Do not use the "low" month, as it will result in an approximation of the cost.) O A. $30,920 O B. $5,330 O C. $12,000 O D. $8,800
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