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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 $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

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