xercise 8-11A (Algo) Determining materials price and usage variances LO 8-6 Aonique's Florals produced a special Mother's Doy arrangement that included eight roses. The standard and actual costs of the roses ised in each arrangement follow: Monique's Florals planned to make 815 orrangements but actually made 920 Requlired a, Determine the total flexible budget moteriats vaniance and indicate whether it is favorable (F) or unfavorable (U) b. Determine the materials price voriance and indicate whether it is favorable (F) of unfavorable (U) c. Determine the materials usage varianice and indicate whether it is favorable (F) or unfavorable (U) d. Contirm the accuracy of Requirements a.b, and c by showing that the sum of the price and usage variances equals the fotal variance Complete this question by entering your answers in the tabs below. a. Determine the total flexble budget makeriak varance and indicate whether it is tavorable (f) or unfavorable (U). b. Detemmine the mutenals price variance snd indicote whether it is favorable (f) or unfavorable (U). c. Detemine Uue materals usage variance and indiche whether it is favorable (I) or unfavorable (U). Thote, Select "Wone" if there is no effect (G, ,4, Reco variance), Do not iound your intemediate calculations, Round your answers to 2 decimal places. 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 variance. Complete this question by entering your answers in the tabs below. Confirm the accuracy of Requirements a,b, and c by showing that the sum of the price and usage variances equals the total variance. Note: Select "None" if there is no effect (i.e., zero variance). Round your answers to 2 decimal places