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Question Content Area A firm operated at 80% of capacity for the past year, during which fixed costs were $199,000, variable costs were 67% of

  1. Question Content Area

    A firm operated at 80% of capacity for the past year, during which fixed costs were $199,000, variable costs were 67% of sales, and sales were $1,034,000. Income from operations was

    a.$341,220

    b.$692,780

    c.$113,776

    d.$142,220

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