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A firm operated at 8 0 % of capacity for the past year, during which fixed costs were $ 1 9 2 , 0 0

A firm operated at 80% of capacity for the past year, during which fixed costs were $192,000, variable costs were 60% of sales, and sales were $1,011,000. Operating profit was a. $169,920 b. $404,400 c. $212,400 d. $606,600

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