Multiple Choice

$8,470 U

$8,000 U

$2,640 U

$2,280 U

The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.0 meters 17.30 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased $133,760 Actual materials used in production Actual output 7,600 meters 7,200 meters 1,410 units What is the materials price variance for the month