The following materials standards have been established for a particular product:Standard quantity per unit of outputStandard price$4\mathrm{.}4$ meters$ $18\mathrm{.}70$ per meterThe following data pertain to operations concerning the product for the last month:Actual materials purchasedActual cost of materials purchasedActual materials used in productionActual output$1,500$ meters$ $147,7501,100$ meters$1,550$ unitsWhat is the materials price variance for the month?