Fallen Oak, Inc. reported actual gross profit of $115,000. Fallen Oak also reported a materials...
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Fallen Oak, Inc. reported actual gross profit of $115,000. Fallen Oak also reported a materials price variance of $840 F, a materials quantity variance of $1,200 F, a labor price variance of $840 U, a labor quantity variance of $2,000 F, and an overhead variance of $1,800 F. What is Fallen Oaks gross profit at standard?
A : $103,320
B : $105,000
C : $110,000
D : $116,680
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