er 100 Saved Help Save & Ex The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.2 meters $18.40 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 7,200 meters $138,600 6,700 meters 1,550 units What is the materials price variance for the month? Multiple Choice ( ) $3,658 U 10 Next > apter 10 Help Save & Exit Submit What is the materials price variance for the month? Multiple Choice O () $3,658 U O $11,770 U O $6,120 V () $7,700 U