Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a firm operated at 80% of capacity for the past ye

A firm operated at 80% of capacity for the past year, during which fixed costs...

90.2K

Verified Solution

Question

Accounting

A firm operated at 80% of capacity for the past year, during which fixed costs were $196,000, variable costs were 70% of sales, and sales were $995,000. Operating profit was

a. $102,500 b. $696,500 c. $298,500 d. $82,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Mechanical Engineering
1.2K views

Write a conclusion to answer the following question. What happens to make electrical current flow in...

General Management
1.2K views

Are the concerns of those opposing Turkey’s admittance to the European Union well-founded? Can Islam, capitalism,...

Statistics
1.2K views

The mean hourly wage for males is given to be 37 39 with a standard...

Calculus
1.2K views

The line y 5 is a horizontal asymptote to the graph of which of the...

Algebra
1.2K views

Listen Use the following frequency distribution to determine the class limits of the third class...

Accounting
1.2K views

[The following information applies to the questions displayed below.] Shenandoah Company reported the following January...

Accounting
1.2K views

[IAS37 - Provision, Contingent Assets and Contingent Liabilities] For each of the scenarios listed below,...

Accounting
1.2K views

Accounting
1.2K views

Between between 2009 and 2013, the Planck space observatory mapped the anisotropies of the Cosmic...

Finance
1.2K views

Builtrite has calculated the following cash flow diagram (In 1000's): initial investment 90 year one...

Accounting
1.2K views

During Heaton Company's first two years of operations, it reported absorption costing net operating income...

Finance
1.2K views

Far Side Corporation is a young start-up company. No dividends will be paid on the...