The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 6.0 meters $ 18.30 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 9,700 meters $185,270 9, 200 meters 1,510 units What is the materials price variance for the month? Multiple Choice $10,200 U $15.950 U $2,674 U What is the materials price variance for the month? Multiple Choice O $10,200 U $15,950 U O $2,674 U $7,760 U