A company that makes basketballs has calculated their revenue and costs as follows for the most recent fiscal period: Sales $623 000
Costs:
Fixed Costs $???????
Variable Costs 404 880
Total Costs ???????
Net Income (Loss) $(26 880)
What are the company's fixed costs per fiscal period?
A) $245 000
B) $2 18120
C) $191 240
D) $1 054 760
E) $1 001000

Question

Quizplus · Accepted Answer

Fixed Costs = Total Costs - Variable Costs= $623,000 - $404,880= $218,120

A Company That Makes Basketballs Has Calculated Their Revenue and Costs