accounting
posted by MO on .
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.

Here are some links to try on variance calculations:
http://search.yahoo.com/search?fr=mcafee&p=how+to+determine+price+vaiance%2C+quantity+variance+%26+cost+variance
Sra