TB MC Qu. 10-20 (Static) The following materials standards... The following materials standards have been established for a particular product: Standard quantity per unit of output 5.3 meters Standard price $17.20 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 8, 100 meters Actual cost of materials purchased $141, 345 Actual materials used in production 7, 600 meters Actual output 1, 400 units What is the materials price variance for the month? Multiple Choice $3,141 U $2,025 U $8,600 U