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Question(s) / Instruction(s):

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

Standard quantity per unit of output      6.8 meters

Standard price                                                   14.40 per meter

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

Actual material purchased                           4,400 meters

Actual cost of material purchased             $60,500

Actual material used in production           3,800 meters

Actual output                                                    400 units

What is the materials price variance for the month?

A.            $14,850 U

B.            $8,250 U

C.            $8,640 U

D.            $2,860 F

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