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Question: In Bramble Corp.'s income statement, they report a gross profit of $44,000 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 Bramble would report an actual gross profit of: a. $40,660. b. $47,340. c. $41,500. d. $46,500.

Question: In Bramble Corp.'s income statement, they report a gross profit of $44,000 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 Bramble would report an actual gross profit of: a. $40,660. b. $47,340. c. $41,500. d. $46,500.

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 24E: Rosenberry Company computed the following revenue variances for January: Revenue price variance...
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Question: In Bramble Corp.'s income statement, they report a gross profit of $44,000 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 Bramble would report an actual gross profit of: a. $40,660. b. $47,340. c. $41,500. d. $46,500.
Transcribed Image Text:Question: In Bramble Corp.'s income statement, they report a gross profit of $44,000 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 Bramble would report an actual gross profit of: a. $40,660. b. $47,340. c. $41,500. d. $46,500.
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