Question

Sunland Company is a merchandising firm. Last year the company reported sales of $676000 and cost of goods sold of $404600. The company's total variable selling and administrative expense was $60800, and fixed selling and administrative expense was $54020. The total fixed costs for the firm are

Answer 1

$54,020

Step-by-step explanation:

Total fixed costs = Fixed selling and administrative expenses

Total fixed costs = $54,020

Thus, the total fixed costs for the firm is $54,020