The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 8.3 grams $1915 per gram The following data pertain to operations concerning the product for the last month: 7500 grams Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output What is the materials price variance for the month? $141,375 7,1001 grams 700 units O $7,540 U O $24.317 U O $7660 U O $2.250 F