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

Standard quantity per unit of output		5.6	meters
Standard price	$	18.20	per meter

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

Actual materials purchased		9,000	meters
Actual cost of materials purchased	$	170,550
Actual materials used in production		8,600	meters
Actual output		1,500	units

What is the materials price variance for the month?

Multiple Choice

• $6,750 U

• $14,250 U

• $3,790 U

• $9,400 U

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