Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

7 Magno Cereal Corporation uses a standard cost system for its crunchy pickle cereal. The materials standard for each batch of cereal produced is 1.4

7 image text in transcribed
Magno Cereal Corporation uses a standard cost system for its \"crunchy pickle\" cereal. The materials standard for each batch of cereal produced is 1.4 pocinds 0 pickies at a standard cost of \\( \\$ 3,00 \\) per pound. During the month of August. Magno purchased 78,000 pounds of pickles at a total cost of \\( \\$ 253,500 \\). Magno used all of these pickles to produce 60,000 batches of cereal. What is Magno's materials quantity variance for August? \\( \\$ 1,500 \\) Unfavorable \\( \\$ 54,000 \\) Unfavorable \\( \\$ 19,500 \\) Unfavorable \\( \\$ 18,000 \\) Favorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Accountability And Government

Authors: Fidelma White, Kathryn Hollingsworth

1st Edition

0198262329, 978-0198262329

More Books

Students also viewed these Accounting questions