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QRS Company produces a single product. During the month of July, it produced 75,000 units and sold 70,000 units. The selling price per unit is

QRS Company produces a single product. During the month of July, it produced 75,000 units and sold 70,000 units. The selling price per unit is $500, and the variable cost per unit is $250. The company incurred fixed costs of $300,000 during the same period. Calculate the operating income for July.

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