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 pounds of pickles 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? Multiple Choice $1,500 Unfavorable $18,000 Favorable Prey 12 of 20 Next>