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How do i find the total price variance and total quantity variance Question 1 Indigo Landscaping plants grass seed as the basic landscaping for business

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Question 1 Indigo 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 Costs Total Variance Remington 540 lbs. $1,296 420 lbs. $1,092 $204 U Chang 400 920 410 1,066 146 Wyco 640 1,728 510 1,326 402 U Total variance $460 U Project Actual Pounds Standard Pounds INDIGO LANDSCAPING Variance Report - Production Department For the Current Month Standard Price Per Pound Quantity Variance 2.60 312.00 || unfavorable Explanation Remington 540 420 Purchased poor quality seeds Chang 400 410 2.60 26.00 Favorable Purchased higher quality seeds Wyco 640 510 2.60 338.00 unfavorable New employee Total quantity variance 442.00 unfavorable Project Actual Pounds Purchased INDIGO LANDSCAPING Variance Report - Purchasing Department For the Current Month Actual Standard Price Variance Price Per Pound Price Per Pound 2.40 2.60 108|| favorable Explanation Remington 540 Purchased poor quality seeds Chang 400 2.30 2.60 120|| Favorable Seeds on sale Wyco 640 2.70 2.60 64 || Unfavorable Price increased Total price variance 169,00 Favorable

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