Higgins Corporation sells three products, Product A, Product B, and Product C Data concerning the company's most recent month of operations, June, appear below:
A)$45,000
B)$420,000
C)$150,000
D)$105,000

Question

Quizplus · Accepted Answer

Common fixed expenses = Total fixed expenses - Total traceable fixed expenses= $525,000 - $420,000 = $105,000  Total traceable fixed expenses = $180,000 + $150,000 + $90,000 = $420,000
Common fixed expenses = Total fixed expenses - Total traceable fixed expenses
= $525,000 - $420,000 = $105,000

Higgins Corporation Sells Three Products, Product A, Product B, and Product