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 sctual costs of the roses used in each arrangement follow: Monique's Florals 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 varlance and indicate whether it is favorable (F) or unfavorable (U). c. Determine the materiais 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 questlon by entering your answers In the tabs below. a. Determine the total fexible 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 (l.e., zero variance). Do not round your intermediate calculations. Round your answers to 2 decimal places. 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 equ variance. Complete thls questlon 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 variance. Note: Select "None" if there is no effect (1.e., zero variance). Round your answers to 2 decimal places
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