Scenario 12-16 A Certain Firm Produces and Sells Staplers.Last Year,it Produced 7,000

question 92

Multiple Choice

Scenario 12-16
A certain firm produces and sells staplers.Last year,it produced 7,000 staplers and sold each stapler for $6.In producing the 7,000 staplers,it incurred variable costs of $28,000 and a total cost of $45,000.
-Refer to Scenario 12-16.The firm's fixed cost was

• A) $7,000.
• B) $17,000.
• C) $28,000.
• D) $42,000.