Picard 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. Project Remington Chang Wyco Total variance Actual Standard Quantity Costs Quantity Costs 540 lbs. $1.296 420 lbs. $1,092 400 920 410 1,066 640 1.728 510 1,326 Total Variance $204 U 146 F 402 U $460 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.) PICARD LANDSCAPING Variance Report - Purchasing Department For the Current Month Actual Pounds Purchased Project Actual Price Per Pound Standard Price Per Pound Price Variance Remington Chang Wyco Total price variance Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.) PICARD LANDSCAPING Variance Report - Production Department For the Current Month Actual Standard Pounds Standard Price Per Pound Quantity Variance Project Pounds Remington Chang Wyco Total quantity variance