The Following Information Was Obtained from Fizz Company

question 102

Multiple Choice

The following information was obtained from Fizz Company:
• Advertising costs: $9,900
• Indirect labor: $11,000
• CEO's salary: $49,000
• Direct Labor: $41,000
• Indirect materials: $7,900
• Direct materials: $61,000
• Factory utilities: $9,000
• Factory janitorial costs: $2,300
• Manufacturing equipment depreciation: $2,100
• Delivery vehicle depreciation: $1,100
• Administrative wages and salaries: $21,000
How much were Fizz's period costs?

• A) $60,000
• B) $81,000
• C) $92,000
• D) $79,900

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Definitions:

ANOVA Table

A table that summarizes the sources of variance in an ANOVA test, showing the degrees of freedom, sum of squares, mean squares, F-statistic, and significance level.

NFL

The National Football League, a professional American football league consisting of 32 teams.

Standard Error

The standard deviation of the sampling distribution of a statistic, used to estimate the precision of a sample mean relative to the true population mean.

Correlation

A statistical measure that describes the extent to which two variables change together, but does not imply causation.