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QUESTION 1 Jarvis company makes flower bouquets to sell to local supermarkets. The company developed the following standards for their rose bouquet: Quantity of flowers

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QUESTION 1 Jarvis company makes flower bouquets to sell to local supermarkets. The company developed the following standards for their rose bouquet: Quantity of flowers per bouquet Expected cost per flower 50.25 per flower Quantity of bor per bouquet 0.20 hours Per hour laborate $12 During May of 2018, Jarvis planned to produce and sell 1,500 bouquets of flowers. However, demand suddenly increased and Jarvis actually produced and sold 1,650 bouquets of flowers during May. During the month of May, Jarvis purchased and used 26,200 flowers to make the bouquets and each flower on average cost Jarvis $0.18 per flower. Jarvis' actual total cost of direct labor was $4,130, based on the 295 actual labor hours used to make the bouquets. 1. What is the Materials Quantity Variance? (just the number, no commas, no negative signs) 0.5 points QUESTION 2 2. is the Material Quantity Variance favorable or unfavorable Favorable Unfavorable 0.5 points Sverower QUESTION 3 3. Use the same information as in #1 What is the Materials Price Variance? (only numbers; no commas, no negative sign) 0.5 points Save Answer QUESTION 4 4. Is the Material Price Variance favorable or unfavorable? Favorable Unfavorable 0.5 points Save Answer QUESTIONS 5. Use the same information as in 31 What is the Labor Rate Variance? (only numbers; no commas, no negative sign) 0.5 points Save Answer QUESTION 6 6. Is the labor Rate Variance favorable or unfavorable? Favorable Ube 0.5 points Seven QUESTION 7 7. Use the same information as in 1 What is the Labor Efficiency Variance? (only numbers; no commas, no negative sign) 0.5 points Save QUESTIONS 8. Is the Labor Efficiency Variance favorable or unfavorable? Favorable Unfavorable 0.5 points Save

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