Ruby Company produces a chair that requires 6 yards of material per unit. The standard price of one yard of material is $9.30. During the month, 7,700 chairs were manufactured, using 47,100 yards at a cost of $8.74 per yard. Enter favorable variances as negative numbers.

(a)	Determine the price variance.	$fill in the blank 1	FavorableUnfavorable
(b)	Determine the quantity variance.	$fill in the blank 3	FavorableUnfavorable
(c)	Determine the cost variance.	$fill in the blank 5	FavorableUnfavorable