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Ruby Company produces a chair that requires 3 yards of material per unit. The standard price of one yard of materiali 58.30. During the month,

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Ruby Company produces a chair that requires 3 yards of material per unit. The standard price of one yard of materiali 58.30. During the month, 5.900 chairs were manufactured, using 17,900 yards at a cost of $8.80 per yard. Enter favorable variances as negative numbers. (a) Determine the price variance (b) Determine the quantity variance (c) Determine the cost variance

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