Robert 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 cost, 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 Quantity Costs Quantity Cost Total Variance Remington 540 Ibs. $1,296 450 Ibs. $1,125 $171 U Chang 400 920 410 1,025 105 F Wyco 650 1,690 540 1,350 340 U Total Variance $406 U a. Prepare a variance report for the purchasing department. (round actual and standard price per pound answer to 2 decimal places e.g. 1.25.) Robert Landscaping Variance Report-Purchasing Department For the current month Project Actual Pounds Purchased Actual Price Per Pound Standard Price per pound Price Variance Explaination Remington Chang Wyco Total price variance b. Prepare a variance report for the production department. (round standard price per pound to 2 decimal places, e.g. 1.25.) Robert Landscaping Variance Report-Production Department For the current month Project Actual Pounds Standard pounds Standard Price per pound Quantity variance Explanation Remington Chang Wyco Total Quantity variance