Llywelyn, Inc What Is the Total Fixed Cost Using Variable Costing?
A)

question 92

Multiple Choice

Llywelyn, Inc. reports the following information for July: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 960,000 \\\hline \text { Variable Costs } & 110,000 \\\hline \text { Operating Income } & 360,000 \\\hline\end{array}$$ What is the total fixed cost using variable costing?

• A) $850,000
• B) $490,000
• C) $250,000
• D) $470,000

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Definitions:

Karl Marx

A 19th-century philosopher, economist, and social scientist best known for his theories about capitalism and communism.

Capitalist

An economic system in which private individuals rather than the state own and control property and businesses, operating for a profit.

Worker

An individual who performs tasks or labors for payment, contributing their skills and efforts to an organization or economy.

Soviet Version

Refers to the socialist economic model employed by the Soviet Union, characterized by state ownership and central planning.