Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. monique's florals produced a special mother's day

Monique's Florals produced a special Mother's Day arrangement that included eight roses. The standard and...

80.2K

Verified Solution

Question

Accounting

image
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 Florais planned to make 830 arrangements but actually made 950. 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 (C.e, zero variance), Do not round your intermediate calculations. Round your answers to 2 decimal places

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Create a research hypothesis about Human Resource Management that would be answered using either a z-...

Statistics
Q

Courtney Isol (Court for short) has been experiencing weight gain, high blood pressure, and is frequently...

Medical Sciences
Q

What is the term for a Zoroastrian priest?A. ZaraB. AhuraC. MagiD. Mazda

Biology
Q

At the end of an advertising campaign, weekly sales declined according to theequation y =...

Basic Math
Q

Which of the following is the correct understanding of the principle of conservatism...

Accounting
Q

receives breakfast, lunch, and free parking. The following are the costs incurred for putting on...

Accounting
Q

A company produced 265 units of Product L and 212 units of Product M during...

Accounting
Q

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31...

Accounting
Q

subject intermediate accounting 410 2- Explain in detail the 4 types of non-current assets?...

Accounting
Q

Silver Company makes a product that is very popular as a Mothers Day gift. Thus,...

Accounting
Q

Question Analyse the duties of a central bank and how it regulates the global financial...

Finance
Q

ABC Logistics is a Toronto-based logistics company with customers in 5 key Southern Ontario markets,...

Finance