Flounder 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, howeverreceived 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 Standard Actual Quantity Costs Quantity Costs Project Remington Chang Wyco Total variance 530 lbs. 400 620 $1.272 880 1,612 430 lbs 410 480 $1.075 1,025 1.200 Total Variance $197 U 145 F 412 U $464 U Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places e.g. 1.25.) FLOUNDER LANDSCAPING Variance Report - Purchasing Departs For the Current Month Standard Price Per Pound Project Actual Pounds Purchased Actual Price Per Pound Remington S $ Chang Wyco Total price variance eTextbook and Media Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places e.g. 1.25.) FLOUNDER LANDSCAPING ance Report - Purchasing Department For the Current Month Standard rice Per Pound Price Variance Explanation Purchased poor-quality seeds Seeds on sale Price increased $ eTextbook and Media Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.) FLOUNDER LANDSCAPING Variance Report - Production Departn For the Current Month Standard Price Per Pound Actual Pounds Standard Pounds Project Remington Chang Wyco Total quantity variance eTextbook and Media Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.) FLOUNDER LANDSCAPING ance Report - Production Department For the Current Month Standard te Per Pound Quantity Variance Explanation Purchased poor quality seeds Purchased higher-quality seeds New employee $ eTextbook and Media