Use the Information Below to Answer the Following Question(s)

question 119

Multiple Choice

Use the information below to answer the following question(s) .Low-Cost Rentals Ltd.incurred $60,000 of common fixed costs and $90,000 of common variable costs.Data are provided below for the capacity allowed and the capacity used. For both departments, common fixed costs are to be allocated on the basis of capacity available and common variable costs are to be allocated on the basis of capacity used.
-The fixed and variable costs allocated to the Tools Department are

• A)$20,000 and $32,400, respectively.
• B)$60,000 and $90,000, respectively.
• C)$31,756 and $45,000, respectively.
• D)$40,000 and $57,600, respectively.
• E)$30,000 and $45,000 respectively.

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Definitions:

Innate Ideas

Innate Ideas are concepts or knowledge presumed to be present in the mind at birth, not derived from experience but innate in the human mind.

John Locke

A 17th-century English philosopher known for his work in political philosophy, empiricism, and social contract theory.

Two-Worlds Assumption

The philosophical concept that reality is divided into two distinct realms or worlds, such as the physical and the spiritual, or the empirical and the ideal.

Pragmatic Theory

An approach in philosophy focusing on practical consequences and uses of concepts and beliefs as the basis for their truth, meaning, or worth.