Identifying Discretionary and Committed Fixed Costs
Identify and compute TOTAL DISCRETIONARY FIXED COSTS and TOTAL COMMITTED FIXED COSTS from the following list prepared by the accounting supervisor for the Huang Building Supply.
Advertising $19,000
Depreciation 47,000
Health insurance for the company's employees 15,000
Management salaries 85,000
Payment on long-term debt 50,000
Property tax 32,000
Grounds maintenance 9,000
Office remodeling 21,000
Research and Development 36,000