21 of 35 > -/ 5.72 E ! Current Attempt in Progress In Coronado Industries's income statement, they report actual gross profit of $42500 and the following variances: Materials price $420 F Materials quantity 600 F Labor price 420 U Labor quantity 1000 F Overhead 900 F Coronado would report gross profit at standard of O $40000.. O $37500. $43340. $36660. Question 24 of 35 View Policies < Current Attempt in Progress -/5.72 E Vaughn Manufacturing had sales of $500000, variable costs of $155000, and direct fixed costs totaling $100000. The company's operating assets total $850000, and its required return is 10%. How much is the residual income? $85000 O $70000 O $415000 $160000