Pina 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 Remington 520 lbs. $1.248 Quantity 430 lbs. Costs $1,118 Total Variance $130 U Chang 400 920 410 1,066 146 F Wyco 590 1,593 520 1,352 241 U Total variance $225 U Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places eg. 1.25.) Project Actual Pounds Purchased. Actual Price Per Pound Remington 520 Chang 400 Wyco 590 Total price variance PINA LANDSCAPING Variance Report-Purchasing Depa For the Current Month Standard Price Per Pound $