In Zero Company's income statement they report gross profit of $55000 at standard and the following variances: $\begin{array}{lrl}
\text { Materials price } & \$ 420 \mathrm{~F} \
\text { Materials quantity } & 600 \mathrm{~F} \
\text { Labor price } & 420 \mathrm{U} \
\text { Labor quantity } & 1,000 \mathrm{~F} \
\text { Overhead } & 900 \mathrm{~F}
\end{array}$ Zero would report actual gross profit of

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The Answer of In Zero Company's income statement they report gross profit of $55000 at standard and the following variances: $\begin{array}{lrl}
\text { Materials price } & \$ 420 \mathrm{~F} \
\text { Materials quantity } & 600 \mathrm{~F} \
\text { Labor price } & 420 \mathrm{U} \
\text { Labor quantity } & 1,000 \mathrm{~F} \
\text { Overhead } & 900 \mathrm{~F}
\end{array}$ Zero would report actual gross profit of

In Zero Company's Income Statement They Report Gross Profit of $55000