Bramble Painting Service specializes in painting tall office buildings. During a recent month, the company worked on three painting projects (the Arrow Building, the Besler Building and the Cartrwright Building). The company is interested in controlling the materials costs, namely the paint, used for these painting contracts. 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 paint for the Arrow Building project. The Besler Building project, however, received higher-than-standard-quality paint that was on sale. The Cartwright Building project received standard-quality paint. However, the price had increased and a new employee was used to paint the building. Shown below are quantity and cost data for each project. Actual Standard Total Project Quantity Costs Quantity Costs Variance Arrow Building 3,790 gallons $303,200 3,560 gallons $299,040 $4,160 U 3,810 $312,420 Besler Building 4,010 $336,840 24,420 F 4,520 $388,720 Cartwright Building 4,210 $353,640 35,080 U $14,820 U Total variance Prepare a variance report for the purchasing department with the following columns: (1) Project (2) Actual Gallons Purchased (3) Actual Price, (4) Standard Price, (5) Price Variance, and (6) Explanation. Bramble Painting Servi Variance Report - Purchasing D For the month ended X Actual Gallons Purchased Actual Price Project Standard Price Arrow Building $ $ $ Besler Building $ $ Cartwright Building $ $ Total price variance $ famble Painting Service eport - Purchasing Department br the month ended XX Price Variance Explanation $ Std. Quality Purchase/Price increased High Quality Paint Purchased on sale Poor Quality Paint Purchased/Cheaper $ e Textbook and Media Attempts: 0 of 3 used Submit