TB MC Qu. 10-34 (Algo) The following materials standards ... The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.6 meters $18.20 per meter 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 What is the materials price variance for the month? 9,000 meters $170,550 8,600 meters 1,500 units