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Tropic Zone Corporation experienced the following variances: materials price $300 U, materials quantity $1,460 F, labor price $690 F, labor quantity $430 F, and total
Tropic Zone Corporation experienced the following variances: materials price $300 U, materials quantity $1,460 F, labor price $690 F, labor quantity $430 F, and total overhead $1,030 U. Sales revenue was $79,200, and cost of goods sold (at standard) was $44,400.
Determine the actual gross profit.
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