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Picard Landstaping plants grass seed as the basic landscaping for business campuses. During a recent month, the company worked on thees projects (Remington, Chang and
Picard Landstaping plants grass seed as the basic landscaping for business campuses. During a recent month, the company worked on thees projects (Remington, Chang and Wyco). The company is intrested in controlling the materials costs, namely the grass seed, fr these plantang projects. In order to provide management with useful cost control information, the company uses standard costs and prepares monthay variance reports Analysis reveals that the purchasing agent mistakenly purchased poor-quality seed for the Remington projedt. The Chang project, however ecelved higher-than-standard-quality seed that was on sale. The Wyco project received standard-quality seed. However, the price had i and a new employee was used to spread the seed Shown below are quantity and cost dalia for each project Project Quantity CostsQuantity Costs Total Variance 510 bs. $1,224 440 Ds$1,100 880 410 1,482 480 $124 U Chang 400 570 1,025 1,200 145 282 u 261 U Wyco Total variance Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places edg 1.25-) Variance Report For the Current Honth Actual Pounds Standard Price Price Per Project Tolal price variance Prepare a variance report for the production department (Round standard price per pound to 2 decimal places, e.g 1.25. D LANDSCAP Variance Repert-Production Department For the Current Month Standard Pounds Standared Price Per Pound Actual Quantity Total quantity variance Click if you would like to Show Work for this questions n Sho Wark ) e
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