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In Sheffield Corp's income statement, they report actual gross profit of $45500 and the following variances: Materials price Materials quantity Labor price $420 F 600

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In Sheffield Corp's income statement, they report actual gross profit of $45500 and the following variances: Materials price Materials quantity Labor price $420 F 600 F 4200 1000 F 900 F Labor quantity Overhead Sheffield would report gross profit at standard of O $43000 O $46340. O $40500. O $39660

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