The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.3 meters $18.60 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased $138,805 Actual materials used in production Actual output 7,100 meters 6,600 meters 1,500 units What is the materilais price varilance for the month? Multiple Choice $2,933 U $6,745 U $7,600 U $12,345 U