ssignment-Ch 15-16 Question 1 of 4 View Policies -/15 Current Attempt in Progress Culver 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. Actual Standard Project Quantity Costs Quantity Costs Remington 530 lbs. $1,272 450 lbs. $1,170 Total Variance $102 U Chang 400 920 410 1,066 146 F Wyco 590 1,593 460 1,196 397 U Total variance $353 U Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places eg. 1253 CULVER LANDSCAPING Variance Report - Purchasing Dep For the Current Month Project Actual Pounds Purchased Actual Standard Price Per Pound Price Per Pound S S Remington Chang Wyco Total price variance eTextbook and Media $ Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, eg. 1.25.) CULVER LANDSCAPING Variance Report - Production Dep For the Current Month Project Actual Pounds Standard Pounds Standard Price Per Pound