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Tropic Zone Corporation experienced the following variances: materials price $400 U, materials quantity $1,940 F, labor price $910 F, labor quantity $570 F, and total
Tropic Zone Corporation experienced the following variances: materials price $400 U, materials quantity $1,940 F, labor price $910 F, labor quantity $570 F, and total overhead $1,370 U. Sales revenue was $105,000, and cost of goods sold (at standard) was $58,800. Determine the actual gross profit.
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