Question
A firm operated at 80% of capacity for the past year, during which fixed costs were $191,000, variable costs were 65% of sales, and sales
A firm operated at 80% of capacity for the past year, during which fixed costs were $191,000, variable costs were 65% of sales, and sales were $1,077,000. Operating profit was
a. $185,950
b. $700,050
c. $376,950
d. $148,760
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Financial Accounting Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
1111464936, 978-1111464936
