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Tropic Zone Corporation experienced the following variances: materials price $260 U, materials quantity $1,260 F, labor price $590 F, labor quantity $370 F, and overhead
Tropic Zone Corporation experienced the following variances: materials price $260 U, materials quantity $1,260 F, labor price $590 F, labor quantity $370 F, and overhead $890 U. Sales revenue was $68,200, and cost of goods sold (at standard) was $38,200. Determine the actual gross profit.
Actual gross profit $
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