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 $780$ arrangements but actually made $850.$

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.

Answer is complete but not entirely correct.

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

Req $A$ to $C$

Req D

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.