Question
Ruby Company produces a chair that requires 7 yards of material per unit. The standard price of one yard of material is $9.10. During the
Ruby Company produces a chair that requires 7 yards of material per unit. The standard price of one yard of material is $9.10. During the month, 5,800 chairs were manufactured, using 41,400 yards at a cost of $8.55 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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Mis And Edp Auditing For Accountants And Auditors
Authors: Srv
1st Edition
9993730351, 978-9993730354
