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10. In swifty corporation income statement... In Swifty Corporation's income statement, gross profit of $58000 was reported at standard cost in addition to the following

10. In swifty corporation income statement...

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In Swifty Corporation's income statement, gross profit of $58000 was reported at standard cost in addition to the following variances: Materials price $410 F Materials quantity 700 F Labor price 410 U Labor quantity 1060 F Overhead 810 F Swifty's actual gross profit is $60570. $54610. $61390. $55270

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