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Determine the Sheffield actual gross profit

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Reference no: EM133053936

Question - In Sheffield Corp.'s income statement, gross profit of $57000 was reported at standard cost in addition to the following variances:

Materials price $450 F

Materials quantity 620 F

Labor price 450 U

Labor quantity 1090 F

Overhead 830 F

Required - Determine the Sheffield's actual gross profit?

Reference no: EM133053936

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