At a Production Level of 5,600 Units,a Project Has Total

question 49

Multiple Choice

At a production level of 5,600 units,a project has total costs of $89,000 and a variable cost per unit of $11.20.What is the amount of the total fixed costs?

• A)$24,126
• B)$26,280
• C)$27,090
• D)$27,820
• E)$28,626

---

Definitions:

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a specific sum of money either on demand or at a specified future date.

Cancellation

The act of declaring a contract or agreement null and void, thereby releasing the parties from their obligations under the contract.

Comparative Negligence

A legal doctrine that allocates the responsibility and damages in an accident proportionally to the degree of fault of each party involved.

Victory Clothing Co. V.Wachovia Bank, N.A.

A specific legal case, which should be researched for details related to its outcomes or legal principles involved.