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. 
The company reported the following results concerning January results: 
The material quantity variance for Trim used in January is:
Definitions:
Non-Exchange Revenue
revenue received by an entity through means other than the direct exchange of goods or services, such as grants and donations.
Transferor and Recipient
Parties involved in the transfer of assets, where the transferor is the giver, and the recipient is the receiver.
Net Debt
Represents the total debt of a company minus its cash and cash equivalents, indicating the amount of debt that remains if all cash is used to pay down debt.
Government's Finances
An overview of the financial activities, performance, and condition of a governmental entity, including revenues, expenditures, and debt levels.
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