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Current Attempt in Progress In Sheridan Company's income statement, they report actual gross profit of $43500 and the following variances: Materials price $420 F 600

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Current Attempt in Progress In Sheridan Company's income statement, they report actual gross profit of $43500 and the following variances: Materials price $420 F 600 F Materials quantity Labor price 4200 1000 F Labor quantity Overhead 900 F Sheridan would report gross profit at standard of O $41000 O $44340 O $37660 O $38500

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