Better Blankets, Inc. makes a SnuggieBlank using flannel material and trim binding. They have instituted a successful JIT system and thus no longer have to stock inventory prior to their production need. The Standard Cost Card for The SnuggieBlank model is shown.
STANDARD COST CARD

The company reported the following results concerning January:

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The material quantity variance for Trim used in January is:

Question

Better Blankets, Inc. makes a SnuggieBlank using flannel material and trim binding. They have instituted a successful JIT system and thus no longer have to stock inventory prior to their production need. The Standard Cost Card for The SnuggieBlank model is shown. 
STANDARD COST CARD

The company reported the following results concerning January:

-
The material quantity variance for Trim used in January is:

Quizplus · Accepted Answer

The material quantity variance is calculated based on the difference between the standard quantity of materials that should have been used for the actual production and the actual quantity used, multiplied by the standard cost per unit of material. A favorable variance occurs when the actual quantity used is less than the standard quantity expected to be used, indicating efficiency in material usage. Without specific numbers provided in the question, the correct answer is chosen based on the description of how material quantity variance works.