Question: help me solve 2 multiple choice thanks Poorly trained workers could have an unfavorable effect on which of the following variances? Labor Rate Variance -

help me solve 2 multiple choice thanks  help me solve 2 multiple choice thanks Poorly trained workers could
have an unfavorable effect on which of the following variances? Labor Rate

Poorly trained workers could have an unfavorable effect on which of the following variances? Labor Rate Variance - Yes; Materials Quantity Variance - Yes Labor Rate Variance - No: Materials Quantity Variance - No Labor Rate Variance - No: Material Quantity Variance - Yes Labor Rate Variance - Yes; Materials Quantity Variance - No 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? $54,000 Unfavorable $19,500 Unfavorable $18,000 Favorable $1,500 Unfavorable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!