price quantity and cost variance


Question Description:

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price quantity and cost variance 1 answer below ยป Diamond Company produces a chair that requires 5 yds. of material per unit. The standard price of one yard of material is $7.50. During the month, 8,500 chairs
were manufactured, using 43,700 yards at a cost of $7.60. Determine the (a) price variance, (b) quantity variance, and (c) cost variance Dec 08 2013 11:18 PM

Answer

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