The following materials standards have been established for a particular product 5.5 meters Standard quantity per unit of output Standard price $ 18.10 per meter The following data pertain to operations concerning the product for the last month: 8,700 meters Actual materials purchased Actual cost of materials purchased Actual materials used in productiorn Actual output $163, 560 8,200 meters 1,460 units What is the materials price variance for the month