Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: 30,700 $337,700 Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- 4.00 hour Recently, Job T687 was completed with the following characteristics: Number of units in the 10 job Total machine-hours 20 $ 575 $1,150 Direct materials Direct labor cost If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to: Round your intermediate calculations to 2 decimal places The following materials standards have been established for a particular product Standard quantity per unit of output Standard price 4.0 meters 17.50 per meter The following data pertain to operations concerning the product for the last month Actual materials purchased Actual cost of materials purchased $116,350 Actual materials used in production Actual output 6,500 meters 6,000 meters 1,430 units What is the materials price variance for the month