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In Oriole Company's income statement, they report actual gross profit of $46500 and the following variances: Materials price $420 F Materials quantity 600 F Labor

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In Oriole Company's income statement, they report actual gross profit of $46500 and the following variances: Materials price $420 F Materials quantity 600 F Labor price 420 U Labor quantity 1000 F Overhead 900 F Oriole would report gross profit at standard of $47340 $44000 $40660 $41500

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