The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.0 meters $17.30 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 7,600 meters $133,760 7,200 meters 1,410 units Actual cost of materials purchased Actual materials used in production Actual output What is the materials price variance for the month? Multiple Choice $2,280 U $8,470 U $2,640 U $8,000 U