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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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