he following materials standards have been established for a particular product: Standard quantity per unit of output 5.1 meters Standard price $17.90 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 7,700 meters Actual cost of materials purchased $142,450 Actual materials used in production 7,300 meters Actual output 1,400 units What is the materials price variance for the month
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