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The following data relate to product no. DM-23 of DMC Ltd: Direct material standard: 3 square feet at $2.70 per square foot Direct material purchased:

The following data relate to product no. DM-23 of DMC Ltd:

Direct material standard: 3 square feet at $2.70 per square foot

Direct material purchased: 30,000 square feet at $2.60 per square foot

Direct material consumed: 27,200 square feet

Manufacturing activity: 9,600 units completed

Assume that the company computes variances at the earliest point in time, the direct-material quantity variance is:

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