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.

## Answer This Question

## Related Questions

- accounting - Diamond Company produces a chair that requires 5 yds. of material ...
- Accounting - In the table given below, reconstruct the remaining information ...
- college accounting - Jim’s Landscaping is in a business of maintaining and ...
- accounting - The standard amount of materials required to make one unit of ...
- Algebra: help - A person has 29 1/2 yards of material available to make doll ...
- Algebra - A person has 29 1/2 yards of material available to make doll outfits. ...
- Accounts - A company produces just one standard product. The company's budgeted ...
- math - How do i show work for this math question. A puppet requires 3/4 yard of ...
- Math - Mrs. Hansen has 84 yards of material available to make school uniforms. ...
- math - You run a small furniture business. You sign a deal with a customer to ...

More Related Questions