Question: Question Content Area Ruby Company produces a chair that requires 5 yards of material per unit. The standard price of one yard of material is
Question Content Area
Ruby Company produces a chair that requires yards of material per unit. The standard price of one yard of material is $ During the month, chairs were manufactured, using yards at a cost of $ per yard. Enter favorable variances as negative numbers.
a Determine the price variance. $fill in the blank
b Determine the quantity variance. $fill in the blank
c Determine the cost variance. $fill in the blank
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