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Ruby Company produces a chair that requires a standard 3 yards of material per unit. The standard price of one yard of material is $
Ruby Company produces a chair that requires a standard yards of material per unit. The standard price of one yard of material is $ During the month, chairs were manufactured, using yards at a cost of $ per yard.
Determine the a direct materials price variance, b direct materials quantity variance, and c total direct materials cost variance. Enter favorable variances as negative numbers.
a Direct materials price variance $fill in the blank
b Direct materials quantity variance $fill in the blank
c Total direct materials cost variance $fill in the blank
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