EDWARD LANDSCAPING PROBLEMS

Question 1 of 4 H/10 III View Policies Current Attempt in Progress Edward 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 Total Variance Costs 530 lbs $1.272 450 lbs. Remington $1,170 $1020 920 400 146 F 410 1,066 Chang 397 U 590 1,593 460 1,196 Wyco $353U Total variance (a) Drenare a variance renart for the purchacino denartment (Round achiland standartire ner mundi ancore tn 2 decimal norocoa (a) Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places es 1.250 EDWARD LANDSCAPING Variance Report - Purchasing Dep For the Current Month Actual Pounds Purchased Actual Price Per Pound Standard Price Per Pound Project Remington $ $ Chans Wyco $ Total price variance Prepare avance report for the purchmet understandard repond to decimal process EDWARD LANDSCAPING Report - Purchasing Department For the Current Month ndard Prke Varice Explanation and $ Prepare avance port for the production and to do 15 EDWARD LANDSCAPING Variance Report Production De For the Current Month Standard Price Pound Actual Dolands Standard Pounds Proiect Remington Chang 1 wy Tivat th) Prepare a variance report for the production department. Round standard price per pound to decme places e 125) EDWARD LANDSCAPING Report - Production Department For the Current Month ndard Per Quantity Variance sund Explanation C C V