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Edible Arrangements makes baskets of assorted fruit. The standard and actual costs of oranges used in each basket of fruit follow. Standard Actual Average number

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Edible Arrangements makes baskets of assorted fruit. The standard and actual costs of oranges used in each basket of fruit follow. Standard Actual Average number of oranges per basket Price per orange Cost of oranges per basket 6.00 7.40 x $ 0.30 x $ 0.25 $1.80 1.85 Edible Arrangements actually produced 25,500 baskets. Required a. Determine the materials price variance and indicate whether it is favorable (F) or unfavorable (U) b. Determine the materials usage variance and indicate whether it is favorable (F) or unfavorable (U) YOU MUST SHOW YOUR WORK TO EARN CREDIT! HTML Editor

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