Outdoor Living Corporation manufactures sun umbrellas that use a canvas as the main raw material. Data related to the sun umbrellas for May follows:
What is the materials quantity variance for canvas for May?

Question

Outdoor Living Corporation manufactures sun umbrellas that use a canvas as the main raw material. Data related to the sun umbrellas for May follows: 
 What is the materials quantity variance for canvas for May?

Quizplus · Accepted Answer

B) Mat'l efficiency var = (Actual quantity - Std qty allowed) × Std price
$2,975 U = (9,000 - (2,500 × 3.50)) × $11.90

Outdoor Living Corporation Manufactures Sun Umbrellas That Use a Canvas