Industries reports gross profit of $60.000 at standard and the following variances Materials price Materials quantity Labor price Labor quantity s 100 F 500 F 250 1,000 F 250 F Rezo would report actual gross profit of a. $61,100 b. $60,000. C. $61,600 d. $61,000. 23). Raba Inc.'s budgeted overhead at normal capacity is 32,000 direct labor hours: standard costs are $6.50 per hour variable and $4.50 per hour foed. Overhead of $360,000 was incurred in May. During that time 31,500 actual hours were worked, 34,000 standard hours were allowed The overhead controllable variance is a. $5,000 unfavorable. b. $5,000 favorable c. $10,000 favorable. d. $10,000 unfavorable. 24) Adenton Company reported net sales of $600,000, $740,000, and $810,000 in the years 2016, 2017, and 2018, respectively. If 2016 is the base year, what is the trend percentage for 2018? a, 5096 b. 126% c. 135% d.109% 25) The accounts receivable turnover and inventory turnover are used to analyze a. long-term solvency b. profitability c. liquidity d. leverage. $460,000 at the end of the year. Net credit sales during the year amounted to $8,200,000. The accounts receivable turnover was 26) Rent-A-Duck had beginning of year Accounts Receivable balance of $540,000 a balance of a. 15.5 times. b. 16.4 times. c. 17.8 times