Folly Mfg, manufactures beach shoes that use a canvas as the main raw material. Data related to the shoes for May follows: Standard quantity per unit of output (yards) 3.0 Standard Price (SP) per yard $11 Actual materials purchased and used (yards) 20.000 Actual cost of materials purchased $190,000 Actual outputs in units 7,000 What is the materials quantity variance for canvas for May? $30,000 favorable $25.000 favorable $10,500 unfavorable $27,500 favorable QUESTION 27 Categorize each of the following as being either more representative of traditional organization or a lean organization. 1. LEAN Produce in smaller batches 2. Traditional Cycle times tend to be shorter Tends to group like machinery together, like all drilling in one place and all cutting in another place. Time needed to setup machines tends to be longer Attempts to keep inventory levels as low as possible Suppliers make frequent small deliveries