Question 1 Novak 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. Project Remington Chang Wyco Total variance Actual Standard Quantity Costs Quantity Costs 520 lbs. $1,248 460 lbs. $1,196 880410 1,066 550 1,485 420 1,092 400 Total Variance $52 U 186 F 393 U $259 U Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places e.g. 1.25.) Actual Pounds Purchased Project NOVAK LANDSCAPING Variance Report - Purchasing Department For the Current Month Standard Price Per Price Variance Pound $ Actual Price Per Pound Explanation . Remington 520 Purchased poor-quality seeds A Chang 400 2.2 Seeds on sale Wyco 550 2.7 Price increased Total price variance Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, e.g. 1.25.) NOVAK LANDSCAPING Variance Report - Production Department For the Current Month Standard Price Per Pound Quantity Variance Actual Pounds Standard Pounds Explanation Project Remington Purchased poor-quality seeds Chang Purchased higher-quality seeds Wyco New employee Total quantity variance Click if you would like to Show Work for this question: Open Show Work