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A firm operated at 80% of capacity for the past year, during which fixed costs were $196,000, variable costs were 68% of sales, and sales

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A firm operated at 80% of capacity for the past year, during which fixed costs were $196,000, variable costs were 68% of sales, and sales were $991,000. perating profit was a. $121,120 b. $673,880 c. $96,896 d. $317,120

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