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A firm has the following information. Static budget's FG units: 1,032 Actual FG units produced: 1,027 Standard DM cost (per unit): $4.9 Actual DM cost
A firm has the following information. Static budget's FG units: 1,032 Actual FG units produced: 1,027 Standard DM cost (per unit): $4.9 Actual DM cost (per unit): \$5.6 Standard DM units used per FG unit: 0.5 Actual DM units purchased: 644 Actual DM units used: 659 What is the firm's DM quantity variance? NOTE: Do NOT indicate whether the variance is favorable or unfavorable for this question, only a positive number in your answer. NOTE: Round your answer to nearest cent
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