Current Attempt in Progress Coronado Painting Service specializes in painting tail 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 3.820 gallons $290,320 Arrow Building $283,200 3,540 gallons $7,120 U 3,860 Besler Building $301,080 4,040 $323.200 22.120 F 4570 Cartwright Building $374,740 4,260 $340,800 33,940U Total variance $18.940 U 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 Coronado Painting Ser Variance Report - Purchasing ! For the month ended Actual Gallons Purchased Project Actual Price Standard Price Arrow Building $ $ Besler Building $ $ Cartwright Building $ $ Total price variance $ Save for Later Attempts: 0 of 1 used Submit Answer 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 pronado Painting Service Report - Purchasing Department For the month ended XX d Price Variance Explanation $ Attempts: 0 of 1 used Submit Answer Save for Later