I feel like there have already been many good responses regarding the study:play ratio.
There's no correct answer - as a beginner you can't really 'study chess' because you don't know exactly what to study, how to study and you don't have the foundation yet to make certain judgements about why a certain move is right or wrong. Sometimes a move can be so deep that even grandmasters have to think for a few minutes before finding the correct reason why something is played.
One thing is for sure, you must play and you must study. The play:study ratio should decrease you become stronger at chess. So as a beginner, you should spend 90% of your time playing and 10% of your time studying. Playing will give you the best lessons because you will lose and learn a lesson and then you will never lose the same way again.
Once you're about 1300-1400 the ratio drops to 80:20 play:study and when you're about 2100-2200 it should be about 40:60, because there will be a lot more material you need to cover to increase your strength comparatively to when you were 1300.
However, there's one important thing you should note and that is analysing your own games is NOT considered study and the reason is because it's imperative that you find out what you did wrong each game and try to avoid it the second time. Studying is like doing tactics, studying openings, analysing middlegames and grinding out endgames etc. etc. analysing your own games doesn't count.
Many strong chess players have advocated analysing your own games (without an engine preferably, until you're around 1800 elo). If you need an beginner's guide you can check out this article. The author talks about the fatal reason why weaker players don't become stronger and at the same time gives some instructive advice about annotating your own games (+ freebies :D)!
Keep us updated about your chess study!