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 Standard Quantity Costs Quantity Costs Total Variance 510 lbs. $1.224 440 Ibs. $1.100 $124 U 400 570 Remingtor Chang Wyco 025 145F 1.200 282 U $261 U 880 410 1.482 480 Total variance (Round actual and standard price per pound answersto 2 decimal placese 1.25 Prepare a variance report for the purchasing department PICARD LANDSCAPING Variance Report-Purchasing Department For the Current Month Actual Pounds Purchased Standard Price Per Pound Actual Price Per Pound Price Varlance Project Remington Chang Wyco Total price variance department. (Round standard price per pound to 2 declmal places, eg. 1.25) Prepare a variance report for the PICARD LANDSCAPING For the Current Month Standard Price Per Quantity Variance Standard Pounds Actual quantity