Answered: A firm operated at 80% of capacity for… | bartleby

FINANCIAL ACCOUNTING

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A firm operated at 80% of capacity for the past year, during which fixed costs were $209,000, variable costs were 68% of sales, and sales were $1,080,000. Operating profit was
Oa. $734,400
Ob. $109,280
Oc. $345,600
Od. $136,600

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