Quality Products Inc incurred total costs of $50,000 to produce 1,400 units. Variable costs are $15 per unit. What are estimated fixed costs?
A) $21,000
B) $71,000
C) $48,600
D) $29,000
D
You might also like to view...
If data contained in a table of the report are secondary, then the source of the data should not be cited
Indicate whether the statement is true or false
The value of housework and child care have systematically been undervalued by social programs such as Social Security, unemployment insurance, and many public policies concerned with marriage and divorce.
Answer the following statement true (T) or false (F)
On December 1, Casualty Insurance Company borrowed $50,000 at a 6.0% interest rate from One Mutual Bank. The note payable plus interest will not be paid until April 1 of the following year. The company's annual accounting period ends on December 31 and adjustments are only made at year-end. The adjusting entry needed on December 31 is:
A. Debit Interest Expense, $250; credit Note Payable, $250. B. No entry required. C. Debit Interest Payable, $1,000; credit Interest Expense, $1,000. D. Debit Interest Expense, $250; credit Interest Payable, $250. E. Debit Interest Expense, $1,000; credit Interest Payable, $1,000.
Negotiators who are completely open and tell the other party everything expose themselves to the risk that the other party will take advantage of them. This best describes the
A. dilemma of trust. B. paradox of being too trusting versus being too distrusting. C. paradox of intangibles. D. dilemma of honesty.