Tropic Zone Corporation experienced the following variances: materials price $410 U, materials quantity $2,010 F,...
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Accounting
Tropic Zone Corporation experienced the following variances: materials price $410 U, materials quantity $2,010 F, labor price $940 F, labor quantity $590 F, and total overhead $1,420 U. Sales revenue was $108,700, and cost of goods sold (at standard) was $60,900. Determine the actual gross profit.
Actual Gross Profit: $________
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