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
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
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 13PA: Recompute the variances from the second Acme Inc. exercise using $0.0725 as the standard cost of the...
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