Monique's Florals produced a special Mother's Day arrangement that included eight roses. The standard and actual...

 

Transcribed Image Text:

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: Standard 8.10 $0.40 $ 3.24 Actual 8.40 $0.35 $ 2.94 Average number of roses per arrangement Price per rose Cost of roses per arrangement Monique's Florals planned to make 755 arrangements but actually made 800. 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. 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: Standard 8.10 $0.40 $ 3.24 Actual 8.40 $0.35 $ 2.94 Average number of roses per arrangement Price per rose Cost of roses per arrangement Monique's Florals planned to make 755 arrangements but actually made 800. 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.

Answer rating: 100% (QA)

a Total flexible budget materials variance 800 755 x 1324 4832 F b Materials price varianc... View the full answer