Question
A firm operated at 80% of capacity for the past year, during which fixed costs were $196,000, variable costs were 64% of sales, and sales
A firm operated at 80% of capacity for the past year, during which fixed costs were $196,000, variable costs were 64% of sales, and sales were $1,012,000. Operating profit was
a.$168,320
b.$134,656
c.$364,320
d.$647,680
answer:_
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Accounting The Basis For Business Decisions
Authors: Robert F. Meigs, Jan R. Williams, Susan F Haka, Mark S. Bettner
International 11th Edition
007115809X, 978-0071158091
