Exercise $8-11$A $($Algo$)$ Determining materials price and usage variances LO $8-6$

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:

Monique's Florals planned to make $755$ arrangements but actually made $800.$

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.

Complete this question by entering your answers in the tabs below.

Req $A$ to $C$

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 $($i$.$e$.,$ zero variance$).$ Do not round your intermediate calculations. Round your

answers to $2$ decimal places.