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

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Definitions:

Corporate Performance

An evaluation of a company’s ability to achieve its business goals and objectives, often measured through financial metrics, operational efficiency, and market position.

Stock Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell a stock at a set price within a specified period.

Tax Treatment

The specific way tax laws are applied to an individual's, company's, or transaction's income, assets, or activities.

Long-term Incentive Pay

Compensation awarded to employees for achieving strategic objectives that contribute to the company's long-term performance.