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Exercise 8 - 1 1 A ( Algo ) Determining materials price and usage variances LO 8 - 6 Monlque's Florals produced a special Mother's
Exercise A Algo Determining materials price and usage variances LO
Monlque'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:
Monlque's Florals planned to make arrangements but actually made
Requlred
a Determine the total flexible budget materlals varlance and Indicate whether It is favorable F or unfavorable U
b Determine the materlals price varlance and Indicate whether it is favorable F or unfavorable U
c Determine the materlals usage varlance and Indicate whether It Is favorable F or unfavorable U
d Confirm the accuracy of Requirements and by showing that the sum of the price and usage varlances equals the total
varlance.
Complete this question by entering your answers in the tabs below.
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
Note: Select "None" if there is no effect ie zero variance Do not round your intermediate calculations. Round your
answers to decimal places.
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