Current Attempt in Progress George 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. Actual Standard Project Quantity Costs Quantity Costs Total Variance Remington 520 lbs. $1.248 400 lbs. $1,040 $208 U Chang 400 880 410 1,066 186 F Wyco 600 1,620 470 1,222 398 U Total variance $420 U (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.) (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.) GEORGE LANDSCAPING Variance Report - Purchasing Depart For the Current Month Actual Pounds Purchased Actual Price Per Pound Standard Price Per Pound Project Remington Chang Wyco Total price 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.) GEORGE LANDSCAPING nce Report - Purchasing Department For the Current Month Standard Price Per Pound Price Variance Explanation $ I (b) Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.) GEORGE LANDSCAPING Variance Report - Production Depart For the Current Month Actual Pounds Standard Pounds Standard Price Per Pound Project $ $ Remington Chang I Wyco $ Total quantity variance e Textbook and Media Save for Later Attempts: 0 of 5 used submit Answer (b) Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.) GEORGE LANDSCAPING hce Report - Production Department For the Current Month Standard Price Per Pound Quantity Variance Explanation I $ e Textbook and Media Attempts: 0 of 5 used Submit Answer Save for Later