Current Attempt in Progress Monty 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. Project Remington Chang Wyco Total variance Actual Quantity Costs 520 lbs $1,248 400 920 620 1,674 Standard Quantity Costs 450 lbs. $1,170 410 1,066 550 1.430 Total Variance $78U 146 F 244 U $176 U Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places 13. 1.25) MONTY LANDSCAPING Variance Report - Purchasing Departme For the Current Month Standard Price Per Pound Project Actual Pounds Purchased Actual Price Per Pound $ $ $ Remington Chang Wyco Total price variance $ eg. 1.25.) esto 2 decimal places MONTY LANDSCAPING riance Report - Purchasing Department For the Current Month Standard rice Per Pound $ Price Variance Explanation V Price increased $ eTextbook and Media Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, eg. 1.25.) MONTY LANDSCAPING Variance Report - Production Departme For the Current Month Standard Price Per Pound Actual Pounds Project Remington Standard Pounds $ $ Chang Wyco Total quantity variance e Textbook and Media Assistance Used epare a variance report for the production department. (Round standard price per pound to 2 decimal places, 68.1.25.) MONTY LANDSCAPING ance Report - Production Department For the Current Month Standard ce Per Pound Quantity Variance Explanation v > Purchased poor quality seeds Purchased higher-quality seeds New employee e Textbook and Media Assistance Used