ABC Company manufactures curtains. A certain window curtain requires the following: - Direct materials standard =10 square yards at $5 per yard - Direct manufacturing labor standard =5 hours at $10 During the second quarter, the company made 1,500 curtains and used 14,000 square yards of fabric costing $72,000. Direct labor totaled 7,600 hours for $83,600. Assuming that sales revenue is $100,000 calculate the amount of gross profit if cost of goods sold before adjustment for direct labor rate and efficiency variances is $45,000