ashvinmsingh
25.04.2020 •
Business
Ruby Company produces a chair that requires 5 yards of material per unit. The standard price of one yard of material is $7.60. During the month, 8,500 chairs were manufactured, using 40,000 yards at a cost of $7.50. Enter favorable variances as negative numbers. Determine the following: a. Price Variance $ -4,000 Favorable b. Quantity Variance $ -19,000 Favorable c. Cost Variance
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