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Splish Corp. purchased 2,700 pounds of flour in preparation for making its biscuit mix. Every package of mix is expected to use 5 pounds of
Splish Corp. purchased 2,700 pounds of flour in preparation for making its biscuit mix. Every package of mix is expected to use 5 pounds of flour, with flour budgeted at $0.60 per pound. The production department used 2,480 pounds of the flour in producing 480 packages of biscuit mix. If the purchasing department paid $1,755.00 for the initial flour purchase, what was the company's DM price variance? (Round answer to 2 decimal places, e.g. 15.25.) DM price variance $
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