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A firm has the following information. Static budget's FG units: 1,120 Actual FG units produced: 1,104 Standard DM cost (per unit): $4.2 Actual DM cost

A firm has the following information.

  • Static budget's FG units: 1,120
  • Actual FG units produced: 1,104
  • Standard DM cost (per unit): $4.2
  • Actual DM cost (per unit): $5.7
  • Standard DM units used per FG unit: 0.5
  • Actual DM units purchased: 678
  • Actual DM units used: 650

What is the firm's DM 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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