A firm expects to sell 25,000 units of its product at $11 per unit. Pretax income is predicted to be $60,000. If the variable costs per unit are $5, total fixed costs must be: A. $65,000. B. $90,000. C. $125.000. D. $215,000. E. $275,000.
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On December 31, 2018, employees who earn $500 per day have worked eight days and will be paid on January 6, 2019. The adjusting entry on December 31, 2018, includes a debit to Salaries Expense for $4,000. a. Trueb. False
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