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In Coronado Industries's income statement, they report actual gross profit of $42500 and the following variances: Materials price Materials quantity Labor price Labor quantity $420

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In Coronado Industries's income statement, they report actual gross profit of $42500 and the following variances: Materials price Materials quantity Labor price Labor quantity $420 F 600 F 420U 1000 F 900 F Overhead Coronado would reporgross profit at standard of $36660. $37500. $43340 $40000

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