The following materials standards have been established for a particular raw material used in the company's sole produc Standard quantity per unit of output 0.1 pound Standard price $18.20 per pound The following data pertain to operations for the last month: Actual materials purchased 5,700 pounds Actual cost of materials purchased $100,320 Actual output 55,800 units What is the materials price variance for the month? Miltinia Choire