Question
In Oriole Companys income statement, they report gross profit of $46000 at standard and the following variances: Materials price $ 420 F Materials quantity 600
In Oriole Companys income statement, they report gross profit of $46000 at standard and the following variances:
| Materials price | $ 420 F |
| Materials quantity | 600 F |
| Labor price | 420 U |
| Labor quantity | 1000 F |
| Overhead | 900 F |
Oriole would report actual gross profit of:
A. $48500.
B. $49340.
C. $42660.
D. $43500.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve
9th Edition
0324381921, 978-0324381924
