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Ruby Company produces a chair for which the standard specifies 7 yards of material per...

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Accounting

Ruby Company produces a chair for which the standard specifies 7 yards of material per unit. The standard price of one yard of material is $9.00. During the month, 8,400 chairs were manufactured, using 58,200 yards at a cost of $8.46 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
$
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