Exercise 25-14 Plcard Landscaping plants grass seed as the basic landscaping three projects (Remington, Chang, and Wyco). The company is interested in controlling the materials costs, namely the grass seed, for r business campuses. During a recent month, the company worked nement with useful cost contral information thased poor-quality seed for the Remington project. The Chang project, standard costs and prepares n sale. The WyCo proicct recoived standard-quality seed, Howevar, the price I ly variance reports. Analysis reveals that the purchasing e erbund highor than.standard.auality seed that was d increasad and a new emplovoe was used to spread the seed. Shown below are quantity r each project d cost data Standard Actua Total Variance Proiect Quantity 5on lbs Quantity Costs Costs Reminaton 460 lbs. $1.150 1.200 200 230 u 1huco 1.430 490 $175 Tatal 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.) Variance Reort Parhasinn Denartmant For the Carrent Month Bounda Standard Actual Price Variance P Pound Pr Dod Project Purchased Remington Chang wyco Total price varlance (b) Prepare a variance report for the production department, (Round standard price per pound to 2 decimal places, e.a. 1.25.) PICARD LANDSCAPING Variance Re Man drtiment Standard Price Per d Standaro Pounds Quantity Variance Actual Project Pounds Pound Remington $ Chang Wyco Total quantity variance T