A firm operated at 80% of capacity for the past year, during which fixed costs were $200,000, variable costs were 61% of sales, and sales were $900,000. Income from operations was a. $151,000 b. $549,000 c. $351,000 d. $120,800
Added by Andre H.
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Variable costs are 61% of sales, so we can calculate the variable costs as follows: Variable costs = 61% * $900,000 = $549,000 Show more…
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