Question: is this right? Ruby Company produces a chair for which the standard specifies 3 yards of material per unit. The standard price of one yard

 is this right? Ruby Company produces a chair for which the

standard specifies 3 yards of material per unit. The standard price of

is this right?

Ruby Company produces a chair for which the standard specifies 3 yards of material per unit. The standard price of one yard of material is $11.90. During the month, 4,900 chairs were manufactured, using 14,600 yards at a cost of $12.61 per yard. Determine the following: Enter favorable variances as negative numbers. a. Direct materials price variance $ -10,220 Unfavorable b. Direct materials quantity variance $ 1,190 Favorable c. Total direct materials cost variance $ -9,176 Unfavorable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!