E25-14 Picard Landscaping plants grass seed as the basic landscaping for business cam- During ga recent month, the company worked on three projects (Remington, Chang, (LO and the unfa- and Wyco). The company is interested in controlling the materials costs, namely the grass puses, seed, for these plantings projects. Prep In order to provide management with useful cost control information, the company s standard costs and prepares monthly variance reports. Analysis reveals that the pur- chasing 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. uses Lanai Shown below are quantity and cost data for each project. Actual onsStandard Project Quantity Total Costs Quantity Costs Variance Remington Chang b001 400 500 lbs. $1,200 460 lbs. $1,150 1,025 1,200 $ 50 U 920 410 480 105 F 550 Wyco 1,430 230 U Total variance $175 U valqma mor momovongmi tol anoies SA doldoi tnsqnakew. FaSA dolal alasven eiel Costs and Balanced Scorecara (a) Prepare a variance report for the purchasing department with the following columns: (1) Project, (2) Actual Pounds Purchased, (3) Actual Price per Pound, (4) Standard Price per Pound, (5) Price Variance, and (6) Explanation.reds as how slgn (b) Prepare a variance report for the production department with the following columns; Instructions bro den per Pound, H (1) Project, (2) Actual Pounds, (3) Standard Pounds, (4) Standard Price p ncbost2 (6) om A (2) (5) Quantity Variance, and (6) Explanation. So dot(1) 101 znmuloo svad blooda