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Determine the quantity variance

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Question - Ruby Company produces a chair that requires 7 yards of material per unit. The standard price of one yard of material is $10.10. During the month, 6,900 chairs were manufactured, using 49,300 yards at a cost of $10.71 per yard. Enter favorable variances as negative numbers.

(a) Determine the price variance.

(b) Determine the quantity variance.

(c) Determine the cost variance.

Reference no: EM133170180

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