The following materials standards have been established for a particular product: Standard quantity per unit of output 6.0?metersStandard price$19.00?per meterThe following data pertain to operations concerning the product for the last month: Actual materials purchased 10,200?metersActual cost of materials purchased$201,500? Actual materials used in production 9600?metersActual output 1580?units?What is the materials price variance for the month?
A. $2371 U
B. $16,320 U
C. $10,800 U
D. $7700 U
Answer: D
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