accounting

3 4) Listen Ruby Company produces a chair that requires 5 yds. of material per unit. The standard price of one yard of material is $7.50. During the month, 8,500 chairs were manufactured, using 43,700 yards at a cost of $7.30 per yard. Determine the (a) price variance, (b) quantity variance, and (c) cost variance. Use a well labeled and supported calculations to calculate the variances. Columns do not need to be lined up as long as it can be determined the calculations. The answer window can be expanded by moving the mouse after placing it over the dot triangle in the lower right-hand corner and holding down the left mouse button