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Tropic Zone Corporation experienced the following variances: materials price $370 U, materials quantity $1,800 F, labor price $850 F, labor quantity $530 F, and total

Tropic Zone Corporation experienced the following variances: materials price $370 U, materials quantity $1,800 F, labor price $850 F, labor quantity $530 F, and total overhead $1,270 U. Sales revenue was $97,600, and cost of goods sold (at standard) was $54,700 Determine the actual gross profit. Actual gross profit

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