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Ruby company produces a chair that requires 5 yds of

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Ruby Company produces a chair that requires 5 yds. 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. Determine the price variance,quantity variance, and cost variance.

Reference no: EM13568563

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Ruby company produces a chair that requires 5 yds of : ruby company produces a chair that requires 5 yds. of material per unit. the standard price of one yard of material is
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