A firm operated at 90% of capacity for the past year, during which fixed costs were $420,000, variable costs were 40% of sales, and sales were $1,000,000. Operating income was:____________. a. $420,000 b. $980,000 c. $180,000 d. $1,080,000
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40 * $1,000,000 Variable costs = $400,000 Show more…
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