Question: Exercise 8 - 1 1 A ( Algo ) Determining materials price and usage variances LO 8 - 6 Monlque's Florals produced a special Mother's

Exercise 8-11A (Algo) Determining materials price and usage variances LO 8-6
Monlque'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:
Monlque's Florals planned to make 800 arrangements but actually made 890.
Requlred
a. Determine the total flexible budget materlals varlance and Indicate whether It is favorable (F) or unfavorable (U).
b. Determine the materlals price varlance and Indicate whether it is favorable (F) or unfavorable (U).
c. Determine the materlals usage varlance 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 varlances equals the total
varlance.
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.
 Exercise 8-11A (Algo) Determining materials price and usage variances LO 8-6

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