In Zero Company's Income Statement, They Report Gross Profit of $55,000

question 63

Multiple Choice

In Zero Company's income statement, they report gross profit of $55,000 at standard and the following variances: $$\begin{array} { l r r } \text { Materials price } & \$ 420 \mathrm {~F} \\\text { Materials quantity } & 600 \mathrm {~F} \\\text { Labor price } & 420 \mathrm { U } \\\text { Labor quantity } & 1,000 \mathrm {~F} \\\text { Overhead } & 900 \mathrm {~F}\end{array}$$ Zero would report actual gross profit of

• A)$51,660.
• B)$52,500.
• C)$57,500.
• D)$58,340.

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