In Concord Corporation's income statement, they report actual gross profit of $55500 and the following variances: Materials price Materials quantity Labor price Labor quantity Overhead $420 F $53000. O $56340. O $49660. O $50500. 600 F 420 U 1000 F 900 F Concord would report gross profit at standard of

In Concord Corporation's income statement, they report actual gross profit of $55500 and the following variances: Concord would report gross profit at standard of $53000.$56340$49660.$50500