Ruby Company produces a chair for which the standard specifies 7 yards of material per unit....

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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 $11.80. During the month, 6,800 chairs were manufactured, using 47,100 yards at a cost of $11.21 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 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 $11.80. During the month, 6,800 chairs were manufactured, using 47,100 yards at a cost of $11.21 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