The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.0 meters $ 17.70 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? 7,900 meters $ 143,780 7,400 meters 1,450 units Multiple Choice $2.730 U $3,950 U $8,400 U $10,400 U