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Question 22 In Crane Company's income statement, they report gross profit of $60000 at standard and the following variances: Materials price Materials quantity Labor price

Question 22 In Crane Company's income statement, they report gross profit of $60000 at standard and the following variances: Materials price Materials quantity Labor price Labor quantity Overhead $420 F 600 F 420 U 1000 F 900 F Crane would report actual gross profit of O $56660 O $63340 O $57500. O $62500

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