Question 7 of 8 > -/10 E Daniel Landscaping plants grass seed as the basic landscaping for business campuses. During a recent month, the company worked on three projects (Remington, Chang and Wycol. The company is interested in controlling the materials consumed the grassed 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 prot. The Chang project, however, received higher than standard quality seedttat was on sale. The Wyco project received standard- 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 Standard Quantity Costs Total Variance Project Remington Actual Quantity Costs 520 5134 400 920 51118 $130 U 410 145F Chan 590 1593 520 Wyco Total variance Type tech SONY -710 Prepare a variance report for the purchasing department (Round actual and standard price per pound answers to 2 decimal ploceses 1.25.) DANIEL LANDSCAPING Variance Report - Purchasing Depar For the Current Month Actual Pounds Purchased Actual Price Per Pound Standard Price Per Pound Project 5 520 $ 3340 Remington 930 00 Chane Wyco Total prize variante (b) Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places 1.25 DANIEL LANDSCAPING Variance Report - Production Depa For the Current Month Actual Pounds Standard Pounds Standard Price Per Pound Project Remington Chan Wyco Total antity variance 2 0 De 10 bearch SONY