Multiple Choice

• $2,371 U

• $7,700 U

• $10,800 U

• $16,320 U

The following materials standards have been established for a particular product: 23 Standard quantity per unit of output Standard price 6.0 meters $19.00 per meter 8 01:31:31 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 10, 200 meters $ 201,500 9,600 meters 1,580 units What is the materials price variance for the month? Multiple Choice $2,371 U $7,700 U