# Materials quantity variance

**Materials quantity variance **is the difference between the actual quantity times the standard price and the standard quantity times the standard price for materials.

The materials quantity variance is determined from the following formula.

**(Actual Quantity * Standard Price) – (Standard Quantity * Standard Price) = Materials Quantity Variance (MQV)**

There is an alternative formula to determined the materials quantity variance, such as

**Standard price * (Actual Quantity - Standard Quantity)= Materials Quantity Variance (MQV)**