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Culver 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 Prepare a variance report for the production department. (Round standard price per pound to 2 company is interested in controlling the materials costs, namely the grass seed, for these plantings decimal places, e.g. 1.25.) projects. CULVER LANDSCAPING In order to provide management with useful cost control information, the company uses standard Variance Report - Production Department costs and prepares monthly variance reports. Analysis reveals that the purchasing agent mistakenly For the Current Month purchased poor-quality seed for the Remington project. The Chang project, however, received Standard higher-than-standard-quality seed that was on sale. The Wyco project received standard-quality Actual Standard Price Per Explanati seed. However, the price had increased and a new employee was used to spread the seed. Project Pounds Pounds Pound Quantity Variance on Shown below are quantity and cost data for each project. un Purchased Remingt on ity Actual Standard seeds Project Quantity Costs Quantity Costs Total Variance Purchased Remington 530 lbs. $1,272 450 lbs. $1, 170 $102 U Chang higher- ity Chang 400 920 410 1,066 146 F seeds Wyso 590 1,593 460 1,196 397 U New Total variance $353 U Wysa loyee Total Prepare a variance report for the purchasing department. (Round actual and standard price quantity per pound answers to 2 decimal places e.g. 1.25.) variance CULVER LANDSCAPING Variance Report - Purchasing Department O For the Current Month Actual Actual Standard Project Pounds Purchase Price Per Price Per Price Variance Explanati Pound Pound on Purchased Remingt innor- on ity seeds Seeds on Chang Wyco Price :ased Total price variance

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