Swifty produces 5-foot USB cables. During the past year, the company purchased 180,000 feet of...
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Swifty produces 5-foot USB cables. During the past year, the company purchased 180,000 feet of plastic-coated wire at a price of $0.50 per foot. The direct materials standard for the cables allows 6 feet of wire at a standard price of $0.52 per foot. During the year, the company used a total of 204,000 feet of wire to produce 35,000 5-foot cables. Calculate Swiftys direct materials quantity variance for the year. Direct material quantity variance $enter the direct material quantity variance in dollars rounded to 0 decimal places
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