Franco Company Has Variable Costs of $0

question 1

Multiple Choice

Franco Company has variable costs of $0.65 per unit of product.In October,the volume of production was 24,000 units and units sold were 23,000.The total production costs incurred were $32,200.What are the fixed costs per month?

• A) $16,600
• B) $17,250
• C) $8,400
• D) $15,600

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Definitions:

Human Resource Planning

The strategic process of forecasting an organization's future human resource needs and developing plans to meet those needs.

Specific Order

A production strategy where goods or services are produced based on specific customer orders rather than for stock.

Future Human Resource Demand

The projected need for employees and skills in an organization to meet its objectives in the future.

Delphi Technique

The soliciting of predictions about specified future events from a panel of experts, using repeated surveys until convergence in opinions occurs.