Valley Company Incurred a Total Cost of $17,000 to Produce

Valley Company incurred a total cost of $17,000 to produce 500 units of output.A total of 800 hours was incurred for this effort.If the variable cost was $20 per direct labor hour,then the fixed cost was

A) $16,000
B) $17,000
C) $ 7,000
D) $ 1,000