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A firm has the following information. Static budget's FG units: 1,022 Actual FG units produced: 1,137 Standard DL wage (per hour): $4 Actual DL wage

A firm has the following information.

  • Static budget's FG units: 1,022
  • Actual FG units produced: 1,137
  • Standard DL wage (per hour): $4
  • Actual DL wage (per hour): $5.6
  • Standard DL hours per FG unit: 0.5
  • Actual total DL hours: 554

What is the firm's DL price 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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