Moniques Florals produced a special Mothers Day arrangement that included eight roses. The standard and...
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Moniques Florals produced a special Mothers Day arrangement that included eight roses. The standard and actual costs of the roses used in each arrangement follow: Standard Actual Average number of roses per arrangement Price per rose times $ times $ Cost of roses per arrangement $ $ Moniques Florals planned to make arrangements but actually made Required Determine the total flexible budget materials variance and indicate whether it is favorable F or unfavorable U Determine the materials price variance and indicate whether it is favorable F or unfavorable U Determine the materials usage variance and indicate whether it is favorable F or unfavorable U Confirm the accuracy of Requirements a b and c by showing that the sum of the price and usage variances equals the total variance.
Moniques Florals produced a special Mothers Day arrangement that included eight roses. The standard and actual costs of the roses used in each arrangement follow:
Standard Actual
Average number of roses per arrangement
Price per rose times $ times $
Cost of roses per arrangement $ $
Moniques Florals planned to make arrangements but actually made
Required
Determine the total flexible budget materials variance and indicate whether it is favorable F or unfavorable U
Determine the materials price variance and indicate whether it is favorable F or unfavorable U
Determine the materials usage variance and indicate whether it is favorable F or unfavorable U
Confirm the accuracy of Requirements a b and c by showing that the sum of the price and usage variances equals the total variance.
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