Total Fixed Costs for Toys and Trinkets Incorporated Are $85,000

question 177

Multiple Choice

Total fixed costs for Toys and Trinkets Incorporated are $85,000. Total costs, including both fixed and variable, are $205,000 if 271,000 units are produced. The total variable costs at a level of 280,000 units would be

• A)$123,985
• B)$211,808
• C)$87,823
• D)$299,631

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Definitions:

Civil War

A war between factions or regions within the same country, often caused by political, ethnic, or religious disputes.

Conglomerate

A large corporation formed by the merging of separate and diverse firms, operating across multiple industries or sectors.

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Financial benefits that reduce the amount of tax owed by allowing certain deductions, credits, or exemptions.

Antitrust Laws

These laws, including the Sherman and Clayton acts, attempted to enforce competition and to control the corporate merger movement.