View Policies Current Attempt in Progress Novak 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 Total Quantity Quantity Costs Remington 520 Ibs $1,248 $52U Chang 410 1.066 Wyco 550 1,485 $259 U Costs Variance 460 lbs. $1.196 400 880 186 F 393 U 420 1,092 Total variance Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places e.g. 1.25.) NOVAK LANDSCAPING Variance Report - Purchasing Department For the Current Month Standard Price Per Pound Project Actual Pounds Purchased Actual Price Per Pound Semington Chang Vyco otal price ariance $ $ e Textbook and Media Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.) NOVAK LANDSCAPING Variance Report - Production Department For the Current Month Standard Price Per Pound Actual Pounds Standard Pounds Project Remington Chang Wyco Total quantity variance $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit