The following materials standards have been established for a particular product:25

Standard quantity per unit of output 8.3 grams

Standard price $19.15 per gram

The following data pertain to operations concerning the product for the last month:

Actual total cost of materials used in production $141,375

Actual materials used in production 7,500 grams

Actual output 700 units

What is the materials price variance for the month?

1. $2,250 F

2. $7,540 U

3. $24,317 U

4. $7,660 U