The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.5 meters $18.80 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 8,000 meters $158, 800 7,300 meters 1,560 units What is the materials price variance for the month? Help What is the materials price variance for the month? Multiple Choice $5,558 U $8,400 U $8,700 U $14,840 U Bade Midwifery's cost formula for its wages and salaries is $1,230 per month plus $240 per birth. For the month of October, the company planned for activity of 105 births, but the actual level of activity was 101 births. The actual wages and salaries for the month was $26,470. The activity variance for wages and salaries in October would be closest to: Multiple Choice $40 U $960 F $960 U $40 F