Mark 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.

Mark 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. Standard Quantity Costs Actual Quantity Costs 530 lbs. $1.272 Project Remington Total Variance 450 Ibs. $1.170 $102 U Chang 400 880 410 1,066 186 F Wyco 580 1,566 480 1.248 318 U Total variance $234 U Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places e... 1.25.) MARK LANDSCAPING Variance Report - Purchasing De For the Current Month Actual Pounds Purchased Actual Price Per Pound Standard Price Per Pound Project Remington $ $ Chang Wyco Total price variance $ Prepere a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places eg. 1.25. a MARK LANDSCAPING Report - Purchasing Department For the Current Month ard Per d Price Variance Explanation $ S $ (b) Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, eg. 1.25.) MARK LANDSCAPING Variance Report - Production D For the Current Month Actual Pounds Standard Price Per Pound Standard Pounds Project Remington $ S Chang Wyco Total quantity variance 19 $ TouthaledMedia