3 points 3. The standards for product M66 needs 2.8 kilograms of a raw material that costs $13.50 per pound. Last month, 3,700 pounds of the raw material were purchased for $51,820. A total of 1150 units of the finished goods M66 were manufactured during the current month.. A total of 2,990 kilograms of the raw material were used to produce the finished goods. Calculate the value of Material Price Variance for the month. Show calculations clearly. [No need write the formula)