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Ruby Company produces a chair that requires 6 yards of material per unit. The standard price of one yard of material is $13.90. During the

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Ruby Company produces a chair that requires 6 yards of material per unit. The standard price of one yard of material is $13.90. During the month, 6,100 chairs were manufactured, using 36,200 yards at a cost of $13.21 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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