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A firm has the following information. Static budget's FG units: 1,055 Actual FG units produced: 1,149 Standard DM cost (per unit): $4.4 Actual DM cost
A firm has the following information.
- Static budget's FG units: 1,055
- Actual FG units produced: 1,149
- Standard DM cost (per unit): $4.4
- Actual DM cost (per unit): $5.3
- Standard DM units used per FG unit: 0.5
- Actual DM units purchased: 606
- Actual DM units used: 661
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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