The following materials standards have been established for a particular raw material used in the company's sole product: Standard quantity per unit of output.... Standard price 0,5 pound $16.60 per pound The following data pertain to operations concerning the product for the last month: Actual cost of materials $35,200 2,200 pounds Actual materials used in production Actual output 4,200 units What is the materials price variance for the month? $1,660 U 9 $1,320 o $1.320 F $1,660 F $2.980 F