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Tropic Zone Corporation experienced the following variances: materials price $270 U, materials quantity $1,290 F, labor price $610 F, labor quantity $380 F, and total
Tropic Zone Corporation experienced the following variances: materials price $270 U, materials quantity $1,290 F, labor price $610 F, labor quantity $380 F, and total overhead $910 U. Sales revenue was $70,000, and cost of goods sold (at standard) was $39,200.
Determine the actual gross profit.
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