The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.5 meters $ 18.50 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 7,800 meters $151,320 7, 300 meters 1,560 units What is the materials price variance for the month? What is the materials price variance for the month? Multiple Choice O $8,300 U O $5,432 U $7,020 U $13,260 U