Homework Help: accounting

Posted by MO on Friday, May 6, 2011 at 5:11pm.

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.

accounting - SraJMcGin, Friday, May 6, 2011 at 9:32pm
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

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