1.BILL CORP HAS THE FOLLOWING DM STANDARDS: POUNDS/UNIT2.8 COST/POUND$1.45 BILL BOUGHT 7,500 POUNDS FOR $11,100. BILL USED 4,200 POUNDS TO PRODUCE

1.    BILL CORP HAS THE FOLLOWING DM STANDARDS:

POUNDS/UNIT             2.8

COST/POUND               $1.45

BILL BOUGHT 7,500 POUNDS FOR $11,100. BILL USED 4,200 POUNDS TO PRODUCE 1,600 UNITS. WHAT IS BILL'S DM PRICE VARIANCE? (AMOUNT AND FAV/UNFAV)