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A firm operated at 80% of capacity for the past year, during which fixed costs were $207,000, variable costs were 64% of sales, and sales

  1. A firm operated at 80% of capacity for the past year, during which fixed costs were $207,000, variable costs were 64% of sales, and sales were $986,000. Operating profit was

    a.$118,368

    b.$354,960

    c.$631,040

    d.$147,960

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