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Ruby Company produces a chair for which the standard specifies 6 yards of material per unit. The standard price of one yard of material is

Ruby Company produces a chair for which the standard specifies 6 yards of material per unit. The standard price of one yard of material is $13.00. During the month, 8,700 chairs were manufactured, using 51,700 yards at a cost of $13.65 per yard.

Determine the following: Enter favorable variances as negative numbers.

a. Direct materials price variance $ Favorable/unfavorable
b. Direct materials quantity variance $ fav/unfav
c. Total direct materials cost variance $ fav/unfav

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