Exercise $8-11$A $($Algo$)$ Determining materials price and usage variances LO $8-6$

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:

Average number of roses per arrangement

Price per rose

Monique's Florals planned to make $820$ arrangements but actually made $930.$

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.

Req $A$ to $C$

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.

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a$.$ Total flexible budget materials variance

b$.$ Total materials price variance

c$.$ Total materials usage variance