Blue Landscaping plants grass seed as the basic landscaping for business campuses. During a recent month, the company worked on three projects (Remington, Chang, and Wyco). The company is interested in controlling the materials costs, namely the grass seed, for these plantings projects. In order to provide management with useful cost control information, the company uses standard costs and prepares monthly variance reports. Analysis reveals that the purchasing agent mistakenly purchased poor-quality seed for the Remington project. The Chang project, however, received higher-than-standard-quality seed that was on sale. The Wyco project received standard-quality seed. However, the price had increased and a new employee was used to spread the seed Shown below are quantity and cost data for each project Standard Actual Project Quantity Quantity Costs Costs Total Variance 540 lbs 420 lbs Remington $1,092 $204 U $1,296 Chang 1,066 400 920 410 146 F 1,326 402 U Wyco 640 1,728 510 $460 U Total variance (a) Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places e.g. 1.25.) BLUE LANDSCAPING Variance Report- Purchasing Department For the Current Month Actual Standard Actual Price Pounds Price Per Price Per Purchased Pound Project Pound Variance Explanation Remington Favorable Purchased Poor-quality Seeds Chang Seeds on Sale Favorable Wyco Unfavorable Price/lb. Increased Total price variance Favorable (b) Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1. 25.) BLUE LANDSCAPING Variance Report - Production Department For the Current Month Standard Price Per Quantity Variance Actual Pounds Standard Project Pounds Pound Explanation Remington Unfavorable Purchased Poor-quality Seeds Purchased Higher-quality Seeds Chang Favorable Wyco Unfavorable New Employee Total quantity variance Unfavorable Click if you would like to Show Work for this question: Open Show Work