29) 29) The following materials standards have been established for a particu Standard quantity per unit of output Standard price 4.5 meters 17.60 per meter s 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 7000 meters 126,350 6600 meters 1440 units What is the materials price variance for the month? A)$3150 U D) $8710 U C) $2166 U B) $7400 U