Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Roses, Incorporated made a batch of flower arrangements that were sold to grocery stores for Valentine's Day. The standard and actual costs of the roses
Roses, Incorporated made a batch of flower arrangements that were sold to grocery stores for Valentine's Day. The standard and actual costs of the roses used in each arrangement are as follows: (Do not round intermediate calculations.)
Standard | Actual | |||||
Number of roses per arrangement | 9 | 9.1 | ||||
Price per rose | $ | 0.90 | $ | 0.88 | ||
The company made and sold 850 of the Valentine's Day arrangements. Based on this information the materials price variance was
Multiple Choice
-
$155 Favorable.
-
$155 Unfavorable.
-
$76.5 Favorable.
-
$76.5 Unfavorable. (incorrect)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started