Llywelyn, Inc What Is the Total Fixed Cost Using Variable Costing?
A)

Multiple Choice

Llywelyn, Inc. reports the following information for July: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 960,000 \\\hline \text { Variable Costs } & 110,000 \\\hline \text { Operating Income } & 360,000 \\\hline\end{array}$$ What is the total fixed cost using variable costing?

A) $850,000
B) $490,000
C) $250,000
D) $470,000