Need Help A Little Confused If Possible Could Steps Be Broken Down Please... You

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Need Help A Little Confused If Possible Could Steps Be Broken Down Please...

Your answer is incorrect. Try agairn. Bramble Corporation experienced the following variances: materials price $430 U, materials quantity $2,110 F, labor price $990 F, labor quantity t620 F, and overhead $1,490 U. Sales revenue was $114,200, and cost of goods sold (at standard) was $64,000 Determine the actual gross profit. Actual gross profit Click if you would like to Show Work for this question: Open Show Work 51,690

Explanation / Answer

Actual cost of goods sold = 64000+430+-2110-990-620+1490 = 62200

Sales revenue = 114200

Gross profit = 114200-62200 = 52000

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