The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.5 meters $ 18.10 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 What is the materials price variance for the month? (2.5) 1) $13,330 U 2) $9,200 U 3) $6,090 U 4) $3,196 U 8,700 meters $ 163,560 8,200 meters 1,460 units