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What is the variance report - purchasing department and variance report - production department for josephs landscaping business Joseph Landscaping plants grass seed as the
What is the variance report - purchasing department and variance report - production department for josephs landscaping business
Joseph Landscaping plants grass seed as the basle landscaping for business campuses. During a recent month, the compary worked on three projects (Remington, Chang, and Wyco). The compamy is interested in controlling the materials costs, namely the grass sced, for these plantings projects. In order to provide management with useful cost control intormation, the company uses standard costs and prepares monthly variance reports. Analysis reveals that the purchasing agent mistakenly purchased poor-quality secd for the Reinington prolect. The Chang groject, however, recelved higher-thanstandard-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 (a) Prepare a variance report for the purchasirs department (Round octual ond standard price per pound answers to 2 decimal ploces es. 1.25J (b) Prepare a variance report for the production depatenent. (ficund itandard price per pound to 2 declmal places ess. 1.25 ) Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, es. 1.25. ) Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, es. 1.25. ) Step by Step Solution
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