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 Atual Quantity Costs 530 lbs $1,272 400 880 620 1,612 Project Remington Chang Wyco Total variance Standard Quantity Costs 430 lbs. $1,075 410 480 1,200 Total Variance 5197 U 1,025 145 F 412 U $464 U Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal placer ag. 1.28.) PICARD LANDSCAPING Variance Report - Purchasing Department For the Current Month Actual Pounds Purchased Actual Price Per Pound Standard Price Per Pound Price Variance Project Explanation Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places e.g. 1.25.) PICARD LANDSCAPING Variance Report - Purchasing Department For the Current Month Actual Pounds Purchased Actual Price Per Pound Standard Price Per Pound Project Price Variance Explanation Remington $ Chang Neither favorable nor unfavorable Unfavorable Favorable Wyco Total price variance 1. (b) 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 Variance Report - Purchasing Department For the Current Month Project Actual Pounds Purchased Actual Price Per Pound Standard Price Per Pound Price Variance Explanation Remington Chang Purchased Higher quality Seeds New Employee Purchased poor quanty Seeds Seade on Sao Pria Increased Wyco Total price variance (b) Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.) PICARD LANDSCAPING Variance Report - Production Department For the Current Month Standard Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.) PICARD LANDSCAPING Variance Report - Production Department For the Current Month Actual Pounds Project Standard Price Per Pound Standard Pounds Quantity Varlance Explanation Remington Chang Unfavorable Favorable Neither favorable nor unfavorable Wyco Total quantity variance Variance Report Production Department For the Current Month Project Actual Pounds Standard Pounds Standard Price Per Pound Quantity Variance Explanation Remington Chang Wyco Purchased Higher quality Selds New Employer Purchased Porty Seeds Seeds on Sale Price Incred Total quantity variance LINK TO TEXT LINK TO TEXT