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In Bonita Industries's income statement, they report gross profit of $49000 at standard and the following variances: Materials price Materials quantity Labor price Labor quantity

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In Bonita Industries's income statement, they report gross profit of $49000 at standard and the following variances: Materials price Materials quantity Labor price Labor quantity $420 F 600 F 4200 1000 F 900 F Overhead Bonita would report actual gross profit of $46500 $51500 $45660 $52340

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