Material Quantity Variance
Formula
(Actual Qty - Standard Qty Allowed) × Standard Price
Interactive Calculator
| Component | Value |
|---|---|
| Actual Quantity | |
| Standard Quantity Allowed | |
| Standard Price | |
| Material Quantity Variance | — |
CategoryVariance Analysis
ComponentsMaterial Quantity Variance; Actual Quantity; Standard Quantity Allowed; Standard Price
Example(10K - 9.5K) × $5 = $2.5K Unfavorable
External Links
- Variance (accounting) — Wikipedia