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Determine the direct materials price variance

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Reference no: EM133172934

Question - Ruby Company produces a chair for which the standard specifies 3 yards of material per unit. The standard price of one yard of material is $9.90. During the month, 7,300 chairs were manufactured, using 21,500 yards at a cost of $9.40 per yard.

Required - Determine the following:

a. Direct materials price variance

b. Direct materials quantity variance

c. Total direct materials cost variance

Reference no: EM133172934

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