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Question 1 Sarasota 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 Project Remington Chang Wyco Quantity 520 lbs. 400 Costs $1,248 920 1,508 Standard Quantity Costs 410 lbs. $1,025 410 1,025 470 1,175 Total Variance $223 U 105 F 333 U 580 Total variance $451 U Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places e.g. 1.25.) SARASOTA 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 Purchased poor-quality seeds $ Chang Seeds on sale Wyco Price increased Total price variance $ LINK TO TEXT LINK TO TEXT Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.) SARASOTA LANDSCAPING Variance Report - Production Department For the Current Month Standard Price Per Pound Quantity Variance Project Actual Pounds Standard Pounds Explanation Remington Purchased poor quality seeds $ Chang Purchased higher-quality seeds Wyco New employee Total quantity variance $ Click if you would like to Show Work for this question: Open Show Work Favorable Neither favorable nor unfavorable Unfavorable