The following materials standards have been established for a particular product:

Standard quantity per unit of output		5.5	meters
Standard price	$	18.10	per meter

The following data pertain to operations concerning the product for the last month:

Actual materials purchased		8,700	meters
Actual cost of materials purchased	$	163,560
Actual materials used in production		8,200	meters
Actual output		1,460	units

What is the materials price variance for the month?

Multiple Choice

• $3,196 U

• $6,090 U

• $9,200 U

• $13,330 U