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Coronado Painting Service specializes in painting tall office buildings. During a recent month, the company worked on three painting projects (the Arrow Building, the Besler

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Coronado 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 Cartwright 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 3.820 gallons $290.320 3.540 gallons $7,120U Besler Building 3.860 $301,080 4,040 $283,200 $323,200 $340,800 22.120 F Cartwright Building 4,570 $374,740 4,260 33.940U Total variance $18.940 U Prepare a variance report for the production department with the following columns: (1) Project. (2) Actual Gallons (3) Standard Gallons (4) Standard Price, (5) Quantity Variance, and (6) Explanation Coronado Painting Ser Variance Report - Production For the month ended Actual Gallons Standard Gallons Standard Price Project Arrow Building $ $ Besler Building $ Cartwright Building $ Total quantity variance $ (6) Prepare a variance report for the production department with the following columns: (1) Project, (2) Actual Gallons, (3) Standard Gallons. (4) Standard Price, (5) Quantity Variance, and (6) Explanation pronado Painting Service Report - Production Department For the month ended XX ard Quantity Variance Explanation $

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