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 arangement follow: Monique's Florals planned to make 770 arrangements but actually made 830 . 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 cby showing that the sum of the price and usage variances 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 materiats tusage variance and indicate whether it is favorable ( F ) or unfavorable (U). Note: Select "None" if there is no effect (1.e. zero variance). Do not round your intermediate calculations. Round your arowers to 2 decimal places. Complete this question by entering your answers in the tabs below. Confirm the accuracy of Requirements a, b, and c by showing that the sum of the price and usage variances equals the total variance. Variance, Note: Select "None" If there is no effect (i.e, zero variance). Round your answers to 2 decimal places: 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 arangement follow: Monique's Florals planned to make 770 arrangements but actually made 830 . 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 cby showing that the sum of the price and usage variances 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 materiats tusage variance and indicate whether it is favorable ( F ) or unfavorable (U). Note: Select "None" if there is no effect (1.e. zero variance). Do not round your intermediate calculations. Round your arowers to 2 decimal places. Complete this question by entering your answers in the tabs below. Confirm the accuracy of Requirements a, b, and c by showing that the sum of the price and usage variances equals the total variance. Variance, Note: Select "None" If there is no effect (i.e, zero variance). Round your answers to 2 decimal places
