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The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.0 meters $17.30 per meter Skipped

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The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.0 meters $17.30 per meter Skipped The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased $133,760 Actual materials used in production Actual output 7,600 meters 7,200 meters 1,410 units What is the materials price variance for the month

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