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Question(s) / Instruction(s):

Penny\'s TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2008 operations. Sales (2,000 televisions) $ 900,000 Cost of goods sold 400,000 Store manager\'s salary per year 70,000 Operating costs per year 157,000 Advertising and promotion per year 15,000 Commissions (4% of sales) 36,000. What were total fixed costs for 2008?

A.            $227,000                                

B.            $242,000

C.            $436,000

D.            $678,000

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