Cando Manufacturing makes lamps that retail at $200 each. The unit variable cost is $120, and the fixed costs are

Cando Manufacturing makes lamps that retail at $200 each. The unit variable cost is $120, and the fixed costs are $720,000 per year. Cando can produce a maximum of 2,000 lamps per month. At what percent utilization would the monthly net income be $52,000?
A) 55%
B) 65%
C) 75%
D) 80%
E) 70%

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