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? Question 8 options: A) $1,500 Unfavorable B) $54,000 Unfavorable C) $19,500 Unfavorable D) $18,000 Favorable

D) $18,000 Favorable

Explanation:

The computation of the material quantity variance is given below:

Material quantity variance is

= standard cost × ( actual quantity used - standard quantity usage per batch × batches produced)

= $3.00 × (78,000 - 60,000 × 1.4)

= $18,000, favorable

hence, the material quantity variance is $18,000 favorable

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )