In 2011, the Fixed Costs of a Company Were $500,000

Multiple Choice

In 2011, the fixed costs of a company were $500,000, and its variable costs equalled $150,000. In 2010, the company made an annual profit of $200,000. It has been predicted that, despite a steady growth, the company's variable costs will likely equal $300,000 by 2013. The total costs of the company in 2011 were ________.

A) $350,000
B) $450,000
C) $650,000
D) $800,000
E) $950,000