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6. Ruby Company produces a chair that requires 7 yards of material per unit. The standard price of one yard of material is $13.70. During
6.
Ruby Company produces a chair that requires 7 yards of material per unit. The standard price of one yard of material is $13.70. During the month, 5,100 chairs were manufactured, using 35,000 yards at a cost of $13.01 per yard.
Determine the following: Enter favorable variances as negative numbers.
a. | Price Variance | $ | |
b. | Quantity Variance | $ | |
c. | Cost Variance | $ |
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