Toledo Toy Company incurred the following costs during 20x4. The company sold all of its products manufactured during the year.
Toledo Toy Company incurred the following costs during 20x4. The company sold all of its products manufactured during the year.
| Direct Materials | ₱ 5,000,000 |
| Direct Labor | 3,500,000 |
| Manufacturing Overhead: | |
| Utilities (primarily electricity) | 250,000 |
| Depreciation Plant and Equipment | 350,000 |
| Insurance | 260,000 |
| Supervisory Salary | 470,000 |
| Property Taxes | 330,000 |
| Selling Cost: | |
| Advertising | 315,000 |
| Sales Commission | 145,000 |
| Administrative Costs: | |
| Salaries of Top management | 580,000 |
| Office Supplies | 70,000 |
| Depreciation on Building and Equipment | 140,000 |
During 20x4, the company operated at about half of its capacity, due to a slowdown in the economy. Prospects for 20x5 are slightly better. Jared Lowes, the marketing manager, forecasts a 30 percent growth in sales over the 20x4 level
How much is the total fixed cost of Toledo Toy Company in 20x4?
₱2,445,000
₱2,375,000
₱2,500,000
₱2,515,000
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Toledo Toy Company incurred the following costs during 20x4. The company sold all of its products manufactured during the year.
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