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6 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
6 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. 15 points Average number of roses per arrangement Price per rose Cost of roses per arrangement Standard 8.30 * $0.50 $4.15 Actual 8.50 * $0.44 $3.74 8 01:31:56 Monique's Florals planned to make 765 arrangements but actually made 820 eBook Required Hint 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 c by showing that the sum of the price and usage variances equals the total variance. Print Complete this question by entering your answers in the tabs below. References Req A to C Req D whether it is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance). Round your answers to Determine the total flexible budget materials variance, materials price variance and materials usage variance. Indicate 2 decimal places.) a. Total flexible budget materials variance b. Total materials price variance c. Total materials usage variance Reg A toc Reg D > > 0 6 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: 15 points Average number of roses per arrangement Price per rose Cost of roses per arrangement Standard Actual 8.30 8.50 * $0.50 * $0.44 $4.15 $3.74 2013152 eBook Monique's Florals planned to make 765 arrangements but actually made 820. 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 c by showing that the sum of the price and usage variances equals the total variance. Hint Print D References Complete this question by entering your answers in the tabs below. Req Reg A to C 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 (i.e., zero variance). Round your answers to 2 decimal places.) Price variance Usage variance Total variance
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