Practice No Solutions Chapter 10 Quiz and Exam 3 Study Guide 1. The following materials standards have been established for a particular product: Standard quantity per unit of output 6.0 meters Standard price $ 19.00 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 10,200 meters Actual cost of materials purchased $201,500 Actual materials used in production 9,600 meters Actual output 1,580 units What is the materials price variance for the month? $2.371 U $7.700 U $10,800 U $16390 u