Question
ROBERT LANDSCAPING Variance Report Purchasing Department For the Current Month Project Actual Pounds Purchased Actual Price Per Pound Standard Price Per Pound Price Variance Explanation
| ROBERT LANDSCAPING Variance Report Purchasing Department For the Current Month | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Project | Actual Pounds Purchased | Actual Price Per Pound | Standard Price Per Pound | Price Variance | Explanation | |||||||
| Remington | enter actual pounds purchased | $enter Actual Price Per Pound in dollars rounded to 2 decimal places | $enter Standard Price Per Pound in dollars rounded to 2 decimal places | $enter price variance in dollars | select an option Neither favorable nor unfavorableUnfavorableFavorable | select an explanation Price/lb. IncreasedSeeds on SalePurchased Poor-quality SeedsNew EmployeePurchased Higher-quality Seeds | ||||||
| Chang | enter actual pounds purchased | enter Actual Price Per Pound in dollars rounded to 2 decimal places | enter Standard Price Per Pound in dollars rounded to 2 decimal places | enter price variance in dollars | select an option Neither favorable nor unfavorableUnfavorableFavorable | select an explanation Seeds on SalePrice/lb. IncreasedNew EmployeePurchased Higher-quality SeedsPurchased Poor-quality Seeds | ||||||
| Wyco | enter actual pounds purchased | enter Actual Price Per Pound in dollars rounded to 2 decimal places | enter Standard Price Per Pound in dollars rounded to 2 decimal places | enter price variance in dollars | select an option Neither favorable nor unfavorableUnfavorableFavorable | select an explanation Price/lb. IncreasedNew EmployeePurchased Poor-quality SeedsSeeds on SalePurchased Higher-quality Seeds | ||||||
| Total price variance | $enter a total amount | select an option Neither favorable nor unfavorableUnfavorableFavorable | ||||||||||
(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 | enter actual pounds | enter standard pounds | $enter Standard Price Per Pound in dollars rounded to 2 decimal places | $enter Quantity variance in dollars | select an option Neither favorable nor unfavorableFavorableUnfavorable | select an explanation New EmployeePrice/lb. IncreasedSeeds on SalePurchased Poor-quality SeedsPurchased Higher-quality Seeds | ||||||
| Chang | enter actual pounds | enter standard pounds | enter Standard Price Per Pound in dollars rounded to 2 decimal places | enter Quantity variance in dollars | select an option UnfavorableNeither favorable nor unfavorableFavorable | select an explanation Price/lb. IncreasedNew EmployeePurchased Higher-quality SeedsPurchased Poor-quality SeedsSeeds on Sale | ||||||
| Wyco | enter actual pounds | enter standard pounds | enter Standard Price Per Pound in dollars rounded to 2 decimal places | enter Quantity variance in dollars | select an option Neither favorable nor unfavorableUnfavorableFavorable | select an explanation Purchased Higher-quality SeedsPurchased Poor-quality SeedsPrice/lb. IncreasedNew EmployeeSeeds on Sale | ||||||
| Total quantity variance | $enter a total amount | select an option FavorableNeither favorable nor unfavorableUnfavorable | ||||||||||
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077400163
