Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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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 $11.40. During the month, 6,200
chairs were manufactured, using 18,200 yards at a cost of $10.72 per yard.
Determine the following: Enter favorable variances as negative numbers.
a. Direct materials price variance
b. Direct materials quantity variance
c. Total direct materials cost variance
k
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Transcribed Image Text: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 $11.40. During the month, 6,200 chairs were manufactured, using 18,200 yards at a cost of $10.72 per yard. Determine the following: Enter favorable variances as negative numbers. a. Direct materials price variance b. Direct materials quantity variance c. Total direct materials cost variance k All work saved. < Previous Next > Submit Test for Grading
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