The following materials standards have been established for a particular product: Standard quantity 6.Ometers per unit of output Standard price $ 19.00per meter The following data pertain to operations concerning the product for the last month: 10,200meters 201,500 Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 9600meters 1580units What is the materials price variance for the month? 0 $2371 0 $16,320 U 0 $10,800 0 $7700 U