Use the Information Below to Answer the Following Question(s)

question 99

Multiple Choice

Use the information below to answer the following question(s) .
Sanjay Company has monthly fixed costs of $112,000. The variable costs are $5.00 per unit.The sales price per unit is $20.00 and they sold 8,000 units.
-Sanjay Company's total variable costs will be

• A) $112,000.
• B) $160,000.
• C) $120,000.
• D) $40,000.

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Definitions:

Return of Customer's Check

Typically involves a financial transaction in which a previously issued check is returned to the issuer, often due to insufficient funds in the customer's account.

Bank Service Charges

Fees charged by banks for various services provided to their customers, such as account maintenance and transaction processing.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement to ensure consistency.

Depositor's Balance

The current amount of money held in a depositor's account at a financial institution, reflecting all transactions.