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

Standard quantity per unit of output	6.8 metres
Standard price	$17.10 per metre

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

Actual materials purchased	9,000 metres
Actual cost of materials purchased	$156,600
Actual materials used in production	8,500 metres
Actual output	1,200 units

What was the materials price variance for the month?

		$2,550 favourable.
		$2,550 unfavourable.
		$2,700 favourable.
		$2,700 unfavourable.