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Tropic Zone Corporation experienced the following variances: materials price $390 U, materials quantity $1,870 F, labor price $880 F, labor quantity $550 F, and total overhead $1,320 U. Sales revenue was $101,300, and cost of goods sold (at standard) was $56,800. Determine the actual gross profit. Actual gross profit $ A company developed the following per unit standards for its products: 2.00 pounds of direct materials at $11.0 per pound. Last month, 500 lbs of direct materials were purchased for $3000. The direct materials price variance for last month was O $2500 unfavorable. $3000 favorable. O $2500 favorable. O $1250 favorable