Question: PLEASE ANSWER ALL Ruby Company produces a chair for which the standard specifies 7 yards of material per unit. The standard price of one yard

 PLEASE ANSWER ALL Ruby Company produces a chair for which thestandard specifies 7 yards of material per unit. The standard price of PLEASE ANSWER ALL

Ruby Company produces a chair for which the standard specifies 7 yards of material per unit. The standard price of one yard of material is $10.40. During the month, 5,900 chairs were manufactured, using 40,500 yards at a cost of $9.78 per yard. Determine the following: Enter favorable variances as negative numbers. a. Direct materials price variance $ b. Direct materials quantity variance $ c. Total direct materials cost variance $ A building with a book value of $44,497 is sold for $55,696 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as follows: an increase of $44,497 from investing activities and an addition to net income of $11,199 an increase of $55,696 from investing activities an increase of $55,696 from investing activities and a deduction from net income of $11,199 an increase of $44,497 from investing activities

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