John 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.

View Policies Current Attempt in Progress John 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 Quantity Costs Quantity Costs Project Remington Chang Total Variance $104 U 520 lbs. $1,248 440 lbs. $1,144 400 880 410 1,066 186 F Wyco 570 1,539 490 1,274 265 U Total variance $183 U (a) Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places eg. 1.25.) JOHN LANDSCAPING Variance Report - Purchasing D For the Current Monti Actual Pounds Purchased Actual Price Per Pound Standard Price Per Pound Project Remington $ $ $ Chang Wyco Total price variance Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places eg, 1.25.) JOHN LANDSCAPING eport - Purchasing Department For the Current Month ard Per d Price Variance Explanation