Exercise $8-15$A $($Algo$)$ Determining the standard labor price LO $8-6$

Gibson Car Wash, Incorporated expected to wash $1,000$ cars during the month of August. Washing each car was expected to require $0\mathrm{.}2$ hour of labor. The company actually used $224$ hours of labor to wash $980$ cars. The labor usage variance was $$448$ unfavorable.

Required

a$.$ Determine the standard labor price.

b$.$ If the actual labor rate is $$14,$ calculate the labor price variance and indicate whether it would be favorable $($F$)$ or unfavorable $($U$).$ Note: Select "None" if there is no effect $($i$.$e$.,$ zero variance$).$

$\backslash$table$[[$a$.$ Standard labor price,$],[$b$.$ Total labor price variance,$]]$

Exercise $8-11$A $($Static$)$ 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:

$\backslash$table$[[$Average number of roses per arrangement$],[$Price per rose$],[$Cost of roses per arrangement$]]$

Monique's Florals planned to make $750$ arrangements but actually made $790.$

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.

$\backslash$table$[[$a$.$ Total flexible budget materials variance,,$],[$b$.$ Total materials price variance,,$],[$c$.$ Total materials usage variance,,$]]$