Exercise 8-11A (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 plonned to make 765 arrangements but actually made 820 . Required a. Determine the total flexible budget materials variance and indicate whether it is fovorable ( A 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 vanance b. Determine the materials price vanance 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. a. Determine the total flexible budget materials variance and indicate whether it is favorable ( or unfavorable (U). b. Determine the matenals price variance and indicate whether it is favorable (F) or unfavorabl) (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. 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. Confirm the accuracy of Requirements a,b, and c by showing that-hie sum of the price and usage variances equals the total Note: Select "None" if there is no effect (i.e., zero variance). Round your answers to 2 decimal places. variance