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International Imports Is a Merchandising Firm

Question 146

Multiple Choice

International Imports is a merchandising firm.Last year they reported sales of $674,500 and cost of goods sold of $404,700.The company's total variable selling and administrative expense was $60,705,and fixed selling and administrative expense was $53,960.The total fixed costs for the firm are


A) $458,660.
B) $404,700.
C) $60,705.
D) $53,960.

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