What is the correct answer for this exercise?

3-32 Identifying Discretionary and Committed Fixed Costs

Identify and compute total discretionary fixed costs and total committed fixed costs from the followiing list prepared by the accounting supervisor for Kasay Building Supply:

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Advertising $21,000 Discretionary

Depreciation 48,000 Committed fixed cost

Health insurance for the companys employees 24,000 Discretionary

Management salaries 87,500 Committed fixed cost

Payment on long-term debt 48,500 Committed fixed cost

Property tax 30,000 Committed fixed cost

Grounds maintenance 7,000 Discretionary

Ofce remodeling 24,000 Discretionary

Research and development 45,000 Discretionary

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