Kennedy Inc. has the following data for its operation in August: 
What was the direct materials usage variance in August, rounded to the nearest dollar?
Definitions:
Positive Economic Statement
An objective statement based on facts that can be tested or validated, focusing on descriptions of what is rather than what ought to be.
Payroll Tax
Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
Unemployment Rate
The proportion of the workforce that is unemployed and actively seeking work.
Corporations
Legal entities that are separate and distinct from their owners, created to conduct business, can enter into contracts, loan and borrow money, sue and be sued.
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