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Ruby Company produces a chale for which the standard specifies 5 yards of material per unit. The standard price of one yard of material is

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Ruby Company produces a chale for which the standard specifies 5 yards of material per unit. The standard price of one yard of material is $10.60. During the month, 5,300 chains were manufactured, using 26,200 yards at a cost of $10.07 per yard. Determine the following: Enter favorable variance as negative number a. Direct materials price variance b. Direct materiais quantity variance c Total direct materials con variance

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