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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 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 arrangements but actually made
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 and 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 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.
a Total flexible budget materials variance
b Total materials price variance
c Total materials usage variance
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