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 78000 pounds of pounds at atotal cost of $253500. Magno used all of these pickles to produce60000 batches of cereal. What is Magnos materials quantityvariance for the month of August?
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