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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.
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