What Is the Total Fixed Cost in Figure 21

question 64

Multiple Choice

What is the total fixed cost in Figure 21.2?

• A)$80.
• B)$10,000.
• C)$9,600.
• D)$29,600.

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Definitions:

Artisan's Service

The work or craft of skilled manual workers who make items largely by hand, often with traditional methods.

Lien

A legal right or interest that a creditor has in the debtor's property, typically lasting until the debt that it secures is paid.

Accommodation Surety

A surety who cosigns a loan or credit application for another with no benefit received, assuring the lender that the loan will be repaid.

Compensation

Payment or reward given for service, performance, or damage incurred.