Question
A firm operated at 80% of capacity for the past year, during which fixed costs were $192,000, variable costs were 66% of sales, and sales
A firm operated at 80% of capacity for the past year, during which fixed costs were $192,000, variable costs were 66% of sales, and sales were $1,060,000. Operating profit was
a.$134,720
b.$168,400
c.$360,400
d.$699,600
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Auditing
Authors: Karla M. Johnstone, Audrey A. Gramling, Larry E. Rittenberg
8th International Edition
0538477660, 978-0538477666
