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The Following Information Was Obtained from Fizz Company -How Much Were Fizz's Period Costs?
A) $60,000
B) $81,000

question 37

Multiple Choice

The following information was obtained from Fizz Company:  Advertising Costs $9,900 Indirect Labor 11,000 CEO’s Salary 49,000 Direct Labor 41,000 Indirect Materials 7,900 Direct Materials Used 61,000 Factory Utilities 700 Factory Janitorial Costs 2,300 Manufacturing Equipment Depreciation 2,100 Delivery Vehicle Depreciation 1,100 Administrative Wages and Salaries 21,000\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}
-How much were Fizz's period costs?

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Definitions:

Complete Agreement

A situation or outcome in which all parties involved fully agree on all terms and conditions, without any dissent.

Structural Capital

The non-human assets of an organization, including processes, databases, patents, and the organization's structure, which enable productivity and innovation.

Skills And Abilities

The talents and capacities individuals possess that allow them to perform tasks effectively.

Systems Perspective

An analytical approach that views an organization as an arrangement of interrelated parts working together to accomplish specific goals.

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