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Ruby Company produces a chair that requires 5 yards of material per unit. The standard price of one yard of material is $11.00. During the
Ruby Company produces a chair that requires 5 yards of material per unit. The standard price of one yard of material is $11.00. During the month, 8,100 chairs were manufactured, using 41,300 yards at a cost of $10.45 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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