Hamper\'s Florals produced a special Mother\'s Day arrangement that included eig

Question

Hamper'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 below. Hamper's Florals planned to make 750 arrangements but actually made 790. Determine the total flexible budget materials variance and indicate whether it is favourable (F) or unfavorable (U). Determine the materials price variance and indicate whether it is favourable (F) or unfavourable (U). Determine the materials usage variance and indicate whether it is favourable (F) or unfavourable (U). Conform the accurancy of Requirements a, b, and c by showing that the sum of the price and usage variance equals the total variance.

Explanation / Answer

Material Price Variance ( Standard Price- Actual Price)* Actual Qty (.50-.48)790*8.25 .2*6517.5 1303.5 Favourable Material Usage Variance ( Standard Qty- Actual Qty) Standard Price (750*8-790*8.25).5 258.75 Unfavourable

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.