The Following Information Was Obtained from Fizz,Inc How Much Were Fizz's Period Costs?
A) $446,300
B) $547,100

question 68

Multiple Choice

The following information was obtained from Fizz,Inc.: $$\begin{array} { | l | r | } \hline \text { Advertising Costs } & \$ 10,600 \\\hline \text { Indirect Labor } & 7,000 \\\hline \text { CEO's Salary } & 500,000 \\\hline \text { Direct Labor } & 56,000 \\\hline \text { Indirect Materials Used } & 7,500 \\\hline \text { Direct Materials Used } & 370,000 \\\hline \text { Factory Utilities } & 800 \\\hline \text { Factory Janitorial Costs } & 2,500 \\\hline \text { Manufacturing Equipment Depreciation } & 2,500 \\\hline \text { Delivery Vehicle Depreciation } & 2,600 \\\hline \text { Administrative Wages and Salaries } & 33,900 \\\hline\end{array}$$ How much were Fizz's period costs?

• A) $446,300
• B) $547,100
• C) $13,200
• D) $544,500

Understand the impact of discounting a note on a company's liabilities and how it affects the financial statements.

Calculate bank discounts using different rates and periods, and understand the impact on the proceeds received from the discounting process.

Record and adjust entries for accrued interest on notes receivable and notes payable, reflecting the correct interest expense or income.

Comprehend the adjustment entries required for interest accrued at the end of an accounting period and their impact on financial statements.

---

Definitions:

Listed Email Addresses

Email addresses that are displayed or enumerated in a document, email, or web page.

Customization Options

Features or settings provided by software or applications that allow users to modify the appearance or functionality according to their preferences.

Email Service Provider

A company that offers email hosting services, allowing users to send and receive emails through their servers.

Languages Option

A setting in software and digital devices that allows users to select their preferred language for the user interface and input.