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ng Outcome # 2 - will close on May 26th Question 8 of 9 -13 13 1 View Policies Current Attempt in Progress Vaughn Painting Service specializes in painting tall office buildings. During a recent month, the company worked on three painting projects (the Arrow Building, the Besler Building and the Cartrwright Building). The company is interested in controlling the materials costs, namely the paint, used for these painting contracts. 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 paint for the Arrow Building project. The Besler Building project, however, received higher-than-standard-quality paint that was on sale. The Cartwright Building project received standard-quality paint. However, the price had increased and a new employee was used to paint the building. Shown below are quantity and cost data for each project. Actual Standard Total Variance Project Quantity Costs Quantity Costs Arrow Building 3,760 gallons $285,760 3,520 gallons $281,600 $4,160 U 3,740 Besier Building $291.720 3,960 $316,800 25,080 F Student Learning Outcome # 2 - will close on May 26th Question 8 of 9 ( Actual Total Project Quantity Costs Quantity Variance Costs $281.600 Arrow Building 3.760 gallons $285,760 3.520 gallons $4,160 U Besler Building 3,740 25.080 F $291,720 $369,820 3.960 4,240 $316.800 $339.200 Cartwright Building 4,510 30620 U Total variance $9.700 U (a) Prepare a variance report for the purchasing department with the following columns: (1) Preject, (2) Actual Gallons Purchased, (3) Actual Price, (4) Standard Price. (5) Price Variance, and (6) Explanation. Standard -13 E 1 Ag Outcome # 2 - will close on May 26th Question 8 of 9 -13 E : Prepare a variance report for the purchasing department with the following columns: (1) Project, (2) Actual Gallons Purchased, (3) Actual Price, (4) Standard Price, (5) Price Variance, and (6) Explanation. Vaughn Painting Serv Variance Report - Purchasing ( For the month ended Actual Gallons Actual Standard Price Project Purchased Price Arrow Building Besler Building Cartwright Building Total price variance $ S $ ning Outcome # 2-will close on May 26th Question 8 of 9 ual ce $ $ eTextbook and Media Save for Later For the month ended XX Standard Price $ Price Variance Attempts: 0 of 3 used -/3 E Submit Answer Question 8 of 9 $ -13 13 1 View Policies Current Attempt in Progress Vaughn Painting Service specializes in painting tall office buildings. During a recent month, the company worked on three painting projects (the Arrow Building, the Besler Building and the Cartrwright Building). The company is interested in controlling the materials costs, namely the paint, used for these painting contracts. 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 paint for the Arrow Building project. The Besler Building project, however, received higher-than-standard-quality paint that was on sale. The Cartwright Building project received standard-quality paint. However, the price had increased and a new employee was used to paint the building. Shown below are quantity and cost data for each project. Actual Standard Total Variance Project Quantity Costs Quantity Costs Arrow Building 3,760 gallons $285,760 3,520 gallons $281,600 $4,160 U 3,740 Besier Building $291.720 3,960 $316,800 25,080 F Student Learning Outcome # 2 - will close on May 26th Question 8 of 9 ( Actual Total Project Quantity Costs Quantity Variance Costs $281.600 Arrow Building 3.760 gallons $285,760 3.520 gallons $4,160 U Besler Building 3,740 25.080 F $291,720 $369,820 3.960 4,240 $316.800 $339.200 Cartwright Building 4,510 30620 U Total variance $9.700 U (a) Prepare a variance report for the purchasing department with the following columns: (1) Preject, (2) Actual Gallons Purchased, (3) Actual Price, (4) Standard Price. (5) Price Variance, and (6) Explanation. Standard -13 E 1 Ag Outcome # 2 - will close on May 26th Question 8 of 9 -13 E : Prepare a variance report for the purchasing department with the following columns: (1) Project, (2) Actual Gallons Purchased, (3) Actual Price, (4) Standard Price, (5) Price Variance, and (6) Explanation. Vaughn Painting Serv Variance Report - Purchasing ( For the month ended Actual Gallons Actual Standard Price Project Purchased Price Arrow Building Besler Building Cartwright Building Total price variance $ S $ ning Outcome # 2-will close on May 26th Question 8 of 9 ual ce $ $ eTextbook and Media Save for Later For the month ended XX Standard Price $ Price Variance Attempts: 0 of 3 used -/3 E Submit Answer Question 8 of 9 $