Magno Cereal Corporation uses a standard cost system to collectcosts related to the production of…

Magno Cereal Corporation uses a standard cost system to collectcosts related to the production of…

Magno Cereal Corporation uses a standard cost system to collectcosts related to the production of its “crunchy pickle†cereal. Thepickle (materials) standards for each batch of cereal produced are1.4 pounds of pickles at a standard cost of $3.00 per pound. Duringthe month of August, Magno purchased 78,000 pounds of pounds at atotal cost of $253,500. Magno used all of these pickles to produce60,000 batches of cereal. What is Magno’s materials quantityvariance for the month of August? QUESTION TITLE :- Magno Cereal Corporation uses a standard cost system to

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