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The following materials standards have been established for a particular product:
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| Standard quantity per unit of output | | 5.2 | meters |
| Standard price | $ | 18.00 | per meter |
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The following data pertain to operations concerning the product for the last month:
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| Actual materials purchased | | 8,100 | meters |
| Actual cost of materials purchased | $ | 151,065 | |
| Actual materials used in production | | 7,700 | meters |
| Actual output | | 1,450 | units |
| |
What is the materials price variance for the month?
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