Question: Tropic Zone Corporation experienced the following variances materials price 350
Tropic Zone Corporation experienced the following variances: materials price $350 U, materials quantity $1,700 F, labor price $800 F, labor quantity $500 F, and overhead $1,200 U. Sales revenue was $92,100, and cost of goods sold (at standard) was $51,600. Determine the actual gross profit.
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