Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Monlque's Florals produced a special Mother's Day arrangement that included eight roses. The standard and actual costs of the roses ised in each arrangement follow:

image text in transcribed
image text in transcribed
image text in transcribed
Monlque's Florals produced a special Mother's Day arrangement that included eight roses. The standard and actual costs of the roses ised in each arrangement follow: Monique's Florais planned to make 830 arrangements but actually made 950. Required a. Determine the total flexible budget materials varlance 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 indlcate 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. Determine the total flexible budget materials variance, materials price variance and materials usage varlance. Indicate whether it is favorable (F) or unfavorable (U). (Select "None" If there is no effect (1.e., zero variance). Round your answers to 2 decimal places.) Confirm the accuracy of Requirements a,b, and c by showing that the sum of the price and usage varlances equals the total variance. (Select "None" If there is no effect (1.e., zero variance), Round your answers to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Fundamentals Essential Concepts And Examples

Authors: Steven M. Bragg

3rd Edition

0980069998, 978-0980069990

More Books

Students also viewed these Accounting questions