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A firm operated at 80% of capacity for the past year, during which fixed costs were $203,000, variable costs were 61% of sales, and sales
A firm operated at 80% of capacity for the past year, during which fixed costs were $203,000, variable costs were 61% of sales, and sales were $953,000. Operating income was a. $168,670 b. $581,330 c. $134,936 d. $371,670
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