Lets start by deriving the Surface area of a cone ignoring the base
!Cone
Let the height be $h$
We can see by Pythagoras that the slant height $s = \sqrt{h^2+r^2}$
The shape of the material would, when flattened out look like this
!enter image description here
Which we can see could be cut from a circle of radius $s$
We know the formula for the area of a circle and we know what proportion of the circle we need
Surface Area $A = \pi \cdot s^2 \cdot \dfrac{2 \cdot \pi \cdot r}{2 \cdot \pi \cdot s} = \pi \cdot s \cdot r$
I'll leave it as an exercise to enter from here all you need to do is multiply the area by the cost of the canvas to finish.