The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 8.3 grams $19.15 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased 7,500 grams Actual cost of materials purchased Actual materials used in production Actual output What was the materials price variance for the month? Multiple Choice $7,660 unfavourable. $24,317 unfavourable. $2,250 favourable. $141,375 7,100 grams 700 units