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Fallen Oak, Inc. reported actual gross profit of $115,000. Fallen Oak also reported a materials price variance of $840 favorable, a materials quantity variance of
Fallen Oak, Inc. reported actual gross profit of $115,000. Fallen Oak also reported a materials price variance of $840 favorable, a materials quantity variance of $1,200 favorable, a labor price variance of $840 unfavorable, a labor quantity variance of $2,000 favorable, and an overhead variance of $1,800 favorable. What is Fallen Oak's gross profit at standard? O $105,000 O $103,320 O $116,680 O $110,000
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