Weygandt, Managerial Accounting, 8e Help I System Announcements CALCULATOR PRINTER VERSION BACK NEX RESOURCES PTER 11 Question 7 In Coronado Industries's income statement, they report gross profit of $63000 at standard and the following variances: Materials price Materials quantity Labor price Labor quantity Overhead $420 F 600 F 420 U 1000 F 900 F Coronado would report actual gross profit of $60500. $65500. $59660. $66340 lts by Study Click if you would like to Show Work for this question: Onen Show Work SAVE FOR LATER SUBNIT ANSWER Question Attempts: 0 of 1 used TOSHIBA