The Following Information Was Obtained from Fizz Company Calculate Fizz's Total Product Costs

question 81

Multiple Choice

The following information was obtained from Fizz Company: $$\begin{array} { | l | r | } \hline \text { Advertising Costs } & \$ 9,900 \\\hline \text { Indirect Labor } & 11,000 \\\hline \text { CEO's Salary } & 49,000 \\\hline \text { Direct Labor } & 41,000 \\\hline \text { Indirect Materials } & 7,900 \\\hline \text { Direct Materials Used } & 61,000 \\\hline \text { Factory Utilities } & 700 \\\hline \text { Factory Janitorial Costs } & 2,300 \\\hline \text { Manufacturing Equipment Depreciation } & 2,100 \\\hline \text { Delivery Vehicle Depreciation } & 1,100 \\\hline \text { Administrative Wages and Salaries } & 21,000 \\\hline\end{array}$$ Calculate Fizz's total product costs.

• A) $126,000
• B) $104,100
• C) $127,100
• D) $115,000

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Definitions:

Debt Finance

A method of financing where funds are borrowed and are expected to be paid back with interest.

Equity Finance

A method of raising capital through the sale of shares in a company, giving shareholders ownership interests.

Bond Owners

Individuals or entities that hold the debt securities issued by corporations or governments, earning interest over time.

Equity Finance

The method of raising capital through the sale of shares in a company, giving shareholders ownership interests.