Revenue Costs and expenses: Cost of revenue Research and development Marketing and sales General and administrative Total costs and expenses Income from operations $ 2019 70,697 12,770 13,600 9,876 10,465 46,711 23,986
Revenue Costs and expenses: Cost of revenue Research and development Marketing and sales General and administrative Total costs and expenses Income from operations $ 2019 70,697 12,770 13,600 9,876 10,465 46,711 23,986
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 13MC: A responsibility center structure that considers investments made by the operating segments by using...
Related questions
Question
Assuming that "Cost of Revenue" is the only variable cost, Net income is $18,485, and using the formula Revenue- Cost of Revenue – Fixed Costs = Net Income, what is Facebook's total fixed costs in 2019?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning