Based on a Predicted Level of Production and Sales of 22,000

question 100

Multiple Choice

Based on a predicted level of production and sales of 22,000 units,a company anticipates total variable costs of $99,000,fixed costs of $30,000,and operating income of $36,000.Based on this information,the budgeted amount of fixed costs for 20,000 units would be:

• A)$99,000.
• B)$90,000.
• C)$66,000.
• D)$30,000.
• E)$150,000.

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Definitions:

Adversary System

A legal system in which two opposing parties present their cases to an impartial judge or jury.

Substantive Law

The set of laws that governs how members of a society are to behave, as opposed to procedural law which dictates how the legal system operates.

Correlative

Having a mutual relationship, where one thing corresponds with or is related to another.

Breaches

The failure to perform as stipulated by the terms of a contract, which may result in legal action and damages.