Multiple Choice
A firm operated at 90% of capacity for the past year during which fixed costs were $320,000,variable costs were 60% of sales,and sales were $1,200,000.Operating profit was
A) $400,000.
B) $112,000.
C) $144,000.
D) $160,000.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Costs that remain constant on a per-unit
Q13: The point where the profit line intersects
Q46: The contribution margin ratio is the same
Q84: If the property tax rates are increased,this
Q90: The point where the profit line intersects
Q92: Company M had fixed costs of $262,500,variable
Q93: If a business had a capacity of
Q101: Which of the following costs is a
Q102: The relative distribution of sales among the
Q204: The range of activity over which changes