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Ruby Company produces a chair for which the standard specifies 5 yards of material per unit. The standard price of one yard of material

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Ruby Company produces a chair for which the standard specifies 5 yards of material per unit. The standard price of one yard of material is $8.90. During the month, 5,700 chairs were manufactured, using 28,200 yards at a cost of $9.43 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

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