Question: Hello, is it possible for my work to be checked also for the explanation what option could possibly best fit? Picard Landscaping plants grass seed




Picard 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 Quantity Costs Standard Quantity Costs Total Variance Project Remington 500 lbs. $1.200 460 lbs $1.150 $50 U Chang 400 920 410 1,025 105 F Wyco 550 1.430 480 1.200 230 U Total variance $175 U (a) Prepare a variance report for the purchasing department (Round actual and standard price per pound answers to 2 decimal places es. 1.25) PICARD LANDSCAPING Dandan (a) Prepare a variance report for the purchasing department (Round actual and standard price per pound answers to 2 decimal places es. 125) PICARD LANDSCAPING Variance Report - Purchasing Depan For the Current Month Actual Pounds Purchased Actual Price Per Pound Standard Price Per Pound Project Remington 500 $ 24 $ 25 $ Chang 400 23 25 Wyco 550 28 25 Total price variance $ (a) Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places eg. 1.25) PICARD LANDSCAPING ce Report - Purchasing Department For the Current Month tandard rice Per Pound Price Variance Explanation $ -50 Unfavorable 25 -30 Favorable 25 55 Unfavorable $ 75 Unfavorable Purchased Higher quality Seeds Seeds on Sale New Employee Price/lb. Increased Purchased Poor Quality Seeds (b) Prepare a variance report for the production department (Round standard price per pound to 2 decimal places, eg 1.25.) 2 PICARD LANDSCAPING Variance Report - Production Depa For the Current Month Actual Pounds Project Standard Price Per Pound Standard Pounds Remington 500 460 $ 25 $ Chang 400 410 I 25 Wyco 550 480 25 Total quantity variance $ (b) Prepare a variance report for the production department (Round standard price per pound to 2 decimal places, eg 1.25.) PICARD LANDSCAPING te Report - Production Department For the Current Month tandard rice Per Pound Quantity Variance Explanation 2.5 100 Unfavorable 225 Favorable 25 175 Unfavorable $ 250 Unfavorable New Employee Seeds on Sale Purchased Higher quality Seeds Purchased Poor quality Seeds Price/lb Increased
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