The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.4 pounds $14.20 per pound 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 6,300 pounds $63,880 5,800 pounds 800 units The direct materials purchases variance is computed when the materials are purchased What is the materials quantity variance for the month? Multiple Choice $5,070 U