A firm operated at 80% of capacity for the past year, during which fixed costs were...
A firm operated at 80% of capacity for the past year, during which fixed costs were $191,000, variable costs were 65% of sales, and sales were $1,077,000. Operating profit was
a. $185,950
b. $700,050
c. $376,950
d. $148,760
Homework Answers
Answer a. $185950
Calculated as
Operating profit = Sales - Variable cost - Fixed cost
= $1077000 - 65% of $1077000 - $191000
= $185950
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