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The following materials standards have been established for a particular product Standard quantity per unit of output Standard price 5.2 meters 18.00 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 8,100 meters $151,065 7,700 meters 1,450 units What is the materials price variance for the month? Multiple Choice Prev 2 of 15 EEE Next >