Ruby Company produces a chair that requires 3 yards of material per unit. The standard price of one yard of material is $13.80. During the
Ruby Company produces a chair that requires 3 yards of material per unit. The standard price of one yard of material is $13.80. During the month, 6,500 chairs were manufactured, using 19,300 yards at a cost of $14.49 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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Authors: Marshall A. Geiger, Anna Gold, Philip Wallage
1st Edition
0367649489, 978-0367649487
