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Determine the actual gross profit

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Question - Sheffield Corporation experienced the following variances: materials price $330 U, materials quantity $1,600 F. labor price $750 F. labor quantity $470 F. and total overhead $1,130 U. Sales revenue was $86,600, and cost of goods sold (at standard) was $48,500. Determine the actual gross profit.

Reference no: EM133153088

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