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

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Accounting

A firm operated at 80% of capacity for the past year, during which fixed costs were $191,000, variable costs were 65% of sales, and sales were $1,077,000. Operating profit was

a. $185,950

b. $700,050

c. $376,950

d. $148,760

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