Question
A firm operated at 80% of capacity for the past year, during which fixed costs were $196,000, variable costs were 61% 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 61% of sales, and sales were $971,000. Operating profit was
a.$592,310
b.$146,152
c.$182,690
d.$378,690
Can someone explain this Im confused
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Financial Accounting
Authors: Pauline Weetman
6th Edition
0273789252, 978-0273789253
