The following materials standards have been established for a product:

Standard quantity per unit of output 6.8metres Standard price $17.10per metre

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

Actual materials purchased 9,000metres Actual cost of materials purchased $156,600Actual materials used in production 8,500metres Actual output 1,200units

What is the materials price variance for the month?

Multiple Choice

• $2,550 F.
• $2,550 U.
• $2,700 F.
• $2,700 U.