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use the PV tables provided in class where necessary. Question 6 In Sheridan Company's income statement, they report actual gross profit of $62500 and the

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use the PV tables provided in class where necessary. Question 6 In Sheridan Company's income statement, they report actual gross profit of $62500 and the following variances: Materials price Materials quantity Labor price Labor quantity Overhead $420 F 600 F 420U 1000 F 900 F Sheridan would report gross profit at standard of 60000 63340 56660 57500

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