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Tropic Zone Corporation experienced the following variances: materials price $390 U, materials quantity $1,900 F, labor price $900 F, labor quantity $560 F, and overhead
Tropic Zone Corporation experienced the following variances: materials price $390 U, materials quantity $1,900 F, labor price $900 F, labor quantity $560 F, and overhead $1,340 U. Sales revenue was $103,200, and cost of goods sold (at standard) was $57,800
Determine the actual gross profit.
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