Question 1 (1 point) A company operated at 82% of its capacity for the past year. Fixed costs during this time were $152,000, variable costs were 60% of sales, and sales were $790,000. Calculate the company's operating profit. $97,000 $56,000 $164,000 $185,000 Blue Lights Co. uses the total cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 5,000 units are as follows: $60,000 120,000 Fixed factory overhead cost Fixed selling and administrative costs Variable direct materials cost per unit Variable direct labor cost per unit Variable factory overhead cost per unit Variable selling and administrative cost per unit 80 If the total cost markup percentage per unit is 5.5%, determine the selling price per unit of the company's product. $365 $677 $346 $692