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 | ||||||||||||
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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 | ||||||||||||
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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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