Flowers for All Occasions (FLO) produced a special Mother's Day arrangement that included eight roses. Thestandard and actual costs of the roses used in each arrangement follow:Standard8.0Actual8.2Average number ofroses per arrangementPrice per roseCost of roses perarrangementFlow planned to make 350 arrangements but actually made 420. What is the total materials variance based onthe flexible budget?0.352.800.302.46 Multiple Choice$142.80 Favorable$196.00 Favorable$225.40 Favorable$113.40 Favorable

Total materials variance = (Actual Quantity * Actual Price) - (Standard Quantity allowed for actual…

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Business

Accounting

total materials variance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.

Question

Flowers for All Occasions (FLO) 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
8.0
Actual
8.2
Average number of
roses per arrangement
Price per rose
Cost of roses per
arrangement
Flow planned to make 350 arrangements but actually made 420. What is the total materials variance based on
the flexible budget?
0.35
2.80
0.30
2.46

Multiple Choice
$142.80 Favorable
$196.00 Favorable
$225.40 Favorable
$113.40 Favorable

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