Question: Ruby Company produces a chair for which the standard specifles 4 yords of material per unit. The standard price of one yard of material is

Ruby Company produces a chair for which the standard specifles 4

Ruby Company produces a chair for which the standard specifles 4 yords of material per unit. The standard price of one yard of material is s8.70. During the month, 6,500 chairs were manufactured, using 26,500 yards at a cost of 58.18 per yard. Determine the following: Enter favorable vartances as negative numberg; a. Direct materials price variance b. Durect materials quantity variance c. Total direct materials cost yariance

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