Ruby Company Produces a Chair for Which the Standard Specifies

question 43

Essay

Ruby Company produces a chair for which the standard specifies 5 yards of material per unit. The standard price of one yard of material is $7.50. During the month, 8,500 chairs were manufactured, using 43,600 yards at a cost of $7.55 per yard.Determine the (a) direct materials price variance, (b) direct materials quantity variance, and (c) total direct materials cost variance.

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Definitions:

Resting Membrane Potential

The electrical charge across a neuron's plasma membrane when the neuron is not actively transmitting signals.

Intermediate Filaments

A type of cytoskeletal component in cells, providing structural support and involved in cell strength and rigidity.

Dense Bodies

Dense bodies are cytoplasmic structures in cells, particularly in smooth muscle cells, that anchor actin filaments and are involved in muscle contraction.

Colon Disorder

A health condition that affects the large intestine (colon), impacting its ability to absorb water or process waste effectively.