A firm operated at 80% of capacity for the past year, during which fixed costs were $330,000, variable costs were 70% of sales, and sales were $1,000,000. operating profit (loss) was
a. $670,000
b. $370,000
c. $140,000
d. $ (30,000)
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Home » Business » A firm operated at 80% of capacity for the past year, during which fixed costs were $330,000, variable costs were 70% of sales, and sales were $1,000,000. operating profit (loss) was a. $670,000 b. $370,000 c. $140,000 d. $ (30,000)