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

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.