Monlque's Florals produced a special Mother's Day arrangement that included eight roses. The standard and...
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Monlque's Florals produced a special Mother's Day arrangement that included eight roses. The standard and actual costs of the roses ised in each arrangement follow: Monique's Florais planned to make 830 arrangements but actually made 950. Required a. Determine the total flexible budget materials varlance 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 indlcate 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. Determine the total flexible budget materials variance, materials price variance and materials usage varlance. Indicate whether it is favorable (F) or unfavorable (U). (Select "None" If there is no effect (1.e., zero variance). Round your answers to 2 decimal places.) Confirm the accuracy of Requirements a,b, and c by showing that the sum of the price and usage varlances equals the total variance. (Select "None" If there is no effect (1.e., zero variance), Round your answers to 2 decimal places.)
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