Question
A firm operated at 80% of capacity for the past year, during which fixed costs were $204,000, variable costs were 66% of sales, and sales
A firm operated at 80% of capacity for the past year, during which fixed costs were $204,000, variable costs were 66% of sales, and sales were $906,000. Operating profit was
a.$308,040
b.$83,232
c.$104,040
d.$597,960
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Fundamentals Of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
1st Edition
0072992573, 9780072992571
