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In Sheffield Corp.s income statement, they report actual gross profit of $65500 and the following variances: Materials price $420 F Materials quantity 600 F Labor
In Sheffield Corp.s income statement, they report actual gross profit of $65500 and the following variances:
Materials price | $420 F |
Materials quantity | 600 F |
Labor price | 420 U |
Labor quantity | 1000 F |
Overhead | 900 F |
Sheffield would report gross profit at standard of
$59660
$63000
$66340
$60500
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