TB MC Qu. 10-34 The following materials standards ...

The following materials standards have been established for a particular product:

Standard quantity per unit of output		6.0	meters
Standard price	$	18.30	per meter

The following data pertain to operations concerning the product for the last month:

Actual materials purchased		9,700	meters
Actual cost of materials purchased	$	185,270
Actual materials used in production		9,200	meters
Actual output		1,510	units

What is the materials price variance for the month?

Multiple Choice

• $2,674 U

• $7,760 U

• $10,200 U

• $15,950 U