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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 $205,000, variable costs were 64% of sales, and sales were $1,061,000. Income from operations was

a.$679,040

b.$176,960

c.$381,960

d.$141,568

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Accounting