Monique's Florals produced a special Mother's Day arrangement that included eight roses. The standard and...
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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 planned to make 845 arrangements but actually made 980 . 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 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. 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). Note: Select "None" if there is no effect (i.e., zero variance). Do not round your intermediate calculations. Round your answers to 2 decimal places. 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
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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 planned to make 845 arrangements but actually made 980 . 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 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. 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). Note: Select "None" if there is no effect (i.e., zero variance). Do not round your intermediate calculations. Round your answers to 2 decimal places. 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 