4 Exercise 8-11A (Algo) Determining materials price and usage variances LO 8-6 2.5 Monique's Florals produced a special Mother's Day arrangement that included eight roses. The standard and actual costs of the roses used in each arrangement follow: points Average number of roses per arrangement Price per rose Cost of roses per arrangement Standard 7.ee se.45 $3.15 Actual 7.5e * $0.40 $3.00 Hock Hint Monique's Florals planned to make 815 arrangements but actually made 920. Print Required a. Determine the total flexible budget materials variance and indicate whether it is favorable (F) or unfavorable (U) b. Determine the materials price variance and indicate whether it is favorable (F) or unfavorable (U). c. Determine the materials usage variance and indicate whether it is favorable (F) or unfavorable (U). d. Confirm the accuracy of Requirements a, b, and cby showing that the sum of the price and usage variances equals the total variance References Complete this question by entering your answers in the tabs below. Reg A to ReqD Determine the total flexible budget materials variance, materials price variance and materials usage variance. Indicate whether it is favorable (F) or unfavorable (U). (Select "None" if there is no offect (.e., zero variance). Round your answers to 2 decimal places.) a Total exible budget materials variance b. Total materials price variance c. Total materials usage variance REGAR Req> 4. Exercise 8-11A (Algo) Determining materials price and usage variances LO 8-6 2.5 points Monique's Florals produced a special Mother's Day arrangement that included eight roses. The standard and actual costs of the roses used in each arrangement follow: Average number of roses per arrangement Price per rose Cost of roses per arrangement Standard 7.00 Se.45 $3.15 Actual 7.50 $0.40 $3.00 eBook Font Monique's Florals planned to make 815 arrangements but actually made 920. Required Print a. Determine the total flexible budget materials variance and indicate whether it is favorable (F) or unfavorable (U). b. Determine the materials price variance and indicate whether it is favorable (F) or unfavorable (U). c. Determine the materials usage variance and indicate whether it is favorable (F) or unfavorable (U). d. Confirm the accuracy of Requirements a, b, and by showing that the sum of the price and usage variances equals the total variance. Heferences Complete this question by entering your answers in the tabs below. Reg A to Reg D Confirm the accuracy of Requirements a, b, and c by showing that the sum of the price and usage variances equals the total variance. (Select "None if there is no effect 1... zero variance). Round your answers to 2 decimal places Pnce variance Usage variance Tot varande