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: $\begin{array}{lrr}\text { Materials price } & 420 \mathrm{~F} \\\text { Materials quantity } & 600 \mathrm{~F} \\\text { Labor price } & 420 \mathrm{U} \\\text { Labor quantity } & 1,000 \mathrm{~F} \\\text { Overhead } & 900 \mathrm{~F}\end{array}$ Zero would report actual gross profit of

A) $51,660.
B) $52,500.
C) $57,500.
D) $58,340.