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Thank you so much Use the following information to answer questions 25-27. Stench Foods Company uses a standard cost system to collect costs related to
Thank you so much Use the following information to answer questions 25-27. Stench Foods Company uses a standard cost system to collect costs related to the production of its garlic filavored yogurt. The garlic (materials) standards for each container of yogurt produced are 0.8 ounces of crushed garlic at a standard cost of $2.30 per ounce. During the month of June, Stench purchased 75,000 ounces of crushed garlic at a total cost of $171,000. Stencl used 64,000 of these ounces to produce 71,500 containers of yogurt 25) What is Stench's materials price variance (MPV) for the month of June? A) $1,500 F B) $1,500 U C) $17,250 F D) $15,640U 26) The standard quantity of material that should have been used to produce the 71,500 containers of yogurt is (the standard quantity allowed for output): A) 75,000 ounces B) 64,000 ounces C) 71,500 ounces D) 57,200 ounces 27) What is Stench's materials quantity variance (MQV) for the month of June? A) $17,250 F B) $1,500 U C) $15,640 U D) $1,500 F
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