The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month: What is the materials price variance for the month?

A) $3,141 U
B) $2,025 U
C) $8,600 U
D) $8,725 U

Materials Price Variance

The difference between the actual cost of materials used in production and the expected standard cost, which can indicate changes in material costs over time.

Particular Product

A specific item produced by a company, distinguished by its unique characteristics, as opposed to a general category of products.

Last Month

Refers to the period of time immediately preceding the current month.