In Zero Company's income statement they report gross profit of $55000 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

Question

In Zero Company's income statement they report gross profit of $55000 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

Quizplus · Accepted Answer

The Answer of In Zero Company's income statement they report gross profit of $55000 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

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