Answer the following question(s)using the information below.Jenny's Pottery Store is a small retail company that has the following information pertaining to current year operations.
-What were total fixed costs at Jenny's Pottery Store for the current year?
A)$45,000
B)$20,700
C)$22,700
D)$32,700
E)$2,700

Question

Answer the following question(s)using the information below.Jenny's Pottery Store is a small retail company that has the following information pertaining to current year operations. 
-What were total fixed costs at Jenny's Pottery Store for the current year?
A)$45,000 
B)$20,700 
C)$22,700 
D)$32,700 
E)$2,700

Quizplus · Accepted Answer

Total fixed costs can be calculated by subtracting the total variable costs from the total costs. In this case, total costs are given as $61,400 and total variable costs are given as $38,700. 
Total fixed costs = $61,400 - $38,700 = $22,700. Therefore, the correct answer is option C.

Answer the Following Question(s)using the Information Below