Question 1 Swifty 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 Actual Standard Quantity Costs Quantity Costs 530 lbs. $1,272 460 lbs. $1,196 400 880410 1,066 1,755 540 1,404 Total Variance $76 U 186 F 351 U $241 U 650 Total variance Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places e.g. 1.25.) SWIFTY LANDSCAPING Variance Report - Purchasing Department For the current Month Standard Price Per Price Variance Pound Project Actual Pounds Purchased Actual Price Per Pound Explanation Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places e.g. 1.25.) SWIFTY LANDSCAPING Variance Report-Purchasing Department For the Current Month Standard Price Per Price Variance Pound Project Actual Pounds Purchased Actual Price Per Pound Explanation Remington Purchased poor quality seeds Chang # Seeds on sale Wyco Price increased Total price variance LINK TO TEXT LINK TO TEXT Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.) SWIFTY LANDSCAPING Variance Report - Production Department Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.) SWIFTY LANDSCAPING Variance Report - Production Department For the Current Month Standard Price Per Pound Quantity Variance Project Actual Pounds Standard Pounds Explanation Remington Purchased poor-quality seed Chang Purchased higher quality see Wyco New employee Total quantity variance Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Question Attempts of Ed