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What actual gross profit would montgomery report

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Reference no: EM132510812

In Montgomery Company's income statement, they report gross profit of $55,000 at standard and the following variances:

Materials price          $ 420 F

Materials quantity       600 F

Labor price                   420 U

Labor quantity               1,000 F

Overhead                         900 F

Question 1: What actual gross profit would Montgomery report?

Reference no: EM132510812

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