Picard Landscaping plants grass seed s the basic landscaping for business campuses. During a recent month the company 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 planting 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 Change 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. Prepare a variance report for the purchasing department: (1) Project, (2) Actual Pounds Purchased, (3) Actual Price, (4) Standard Price, (5) Price Variance. (Round answers to 2 decimal places e.g. 1.25) Prepare a variance report for the production department: (1) Project, (2) Actual Pounds, (3) Standard Pounds, (4) Standard Price, (5) Quantity Variance. (Round standard price to 2 decimal places e.g. 1.25) Picard Landscaping plants grass seed s the basic landscaping for business campuses. During a recent month the company 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 planting 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 Change 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. Prepare a variance report for the purchasing department: (1) Project, (2) Actual Pounds Purchased, (3) Actual Price, (4) Standard Price, (5) Price Variance. (Round answers to 2 decimal places e.g. 1.25) Prepare a variance report for the production department: (1) Project, (2) Actual Pounds, (3) Standard Pounds, (4) Standard Price, (5) Quantity Variance. (Round standard price to 2 decimal places e.g. 1.25)