Answer the following questions using the information below:
Hewitt Sporting Goods Store is a small company that has hired you to perform some management advisory services.The following information pertains to 2018 operations.
$\begin{array}{lr}
\text { Sales (2000 cricket bats) } & \$ 900000 \
\text { Cost of goods sold } & 400000 \
\text { Store manager's salary per year } & 70000 \
\text { Operating costs per year } & 157000 \
\text { Advertising and promotion per year } & 15000 \
\text { Commissions ( } 4 \% \text { of sales) } & 36000
\end{array}$
-What were total fixed costs for 2018?
A)$227 000
B)$678 000
C)$242 000
D)$436 000

Question

Answer the following questions using the information below:
Hewitt Sporting Goods Store is a small company that has hired you to perform some management advisory services.The following information pertains to 2018 operations.
 $\begin{array}{lr}
\text { Sales (2000 cricket bats) } & \$ 900000 \
\text { Cost of goods sold } & 400000 \
\text { Store manager's salary per year } & 70000 \
\text { Operating costs per year } & 157000 \
\text { Advertising and promotion per year } & 15000 \
\text { Commissions ( } 4 \% \text { of sales) } & 36000
\end{array}$
-What were total fixed costs for 2018?
A)$227 000
B)$678 000
C)$242 000
D)$436 000

Quizplus · Accepted Answer

Fixed costs include the store manager's salary, operating costs, and advertising and promotion, totaling $70,000 + $157,000 + $15,000 = $242,000.

Answer the Following Questions Using the Information Below: Hewitt Sporting

Answer the Following Questions Using the Information Below:
Hewitt Sporting