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In Crane Company's income statement, actual gross profit of $59500 was reported along with the following variances: Materials price $440F 630 F Materials quantity Labor

In Crane Company's income statement, actual gross profit of $59500 was reported along with the following variances: Materials price $440F 630 F Materials quantity Labor price 440U 1190 F Labor quantity Overhead 850 F Crane's gross profit at standard cost is O $53280. $54160. O $56830. O $60380

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