The following materials standarts have been established for a particular product Standard quantity per unit of output Standard price 5.0 meters $17.00 per meter The following data pertain to operations concerning the product for the last month Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output What is the materiais price variance for the month? O $3,160 U O$3,950 U $8,400 U $10,400 U Moving to another question will save this response. 7,000 meters $143.700 7.400 meters 1,450 19F Sunny