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Prepare a 2016 income statement through gross profit for Dvorak Company, using the variance data in Practice Exercises 23-1B, 23-2B, 23-3B, and 23-4B. Assume Dvorak
Prepare a 2016 income statement through gross profit for Dvorak Company, using the variance data in Practice Exercises 23-1B, 23-2B, 23-3B, and 23-4B. Assume Dvorak sold 1,000 units at $90 per unit. DVORAK COMPANY Income Statement Through Gross Profit For the Year Ended December 31, 2016 Sales (1,000 units $90) Cost of goods soldat standard* Gross profitat standard Favorable Unfavorable Less variances from standard cost: Direct materials price (PE231B) Direct materials quantity (PE231B)
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