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Coronado 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. Actual Standard Project Quantity Costs Quantity Costs Total Variance Remington 530 lbs. $1,272 420 lbs. $1,050 $222 U Chang 400 880 410 1,025 145 F Wyco 600 1.560 500 1,250 310 U Total variance $387 U (a) Prepare a variance report for the purchasing department. (Round actual and standard price per pound answers to 2 decimal places e.g. 1.25.) CORONADO LANDSCAPING Variance Report - Purchasing Dep For the Current Month Actual Pounds Purchased Actual Price Per Pound Standard Price Per Pound Project emington $ $ $ hang /yco otal price variance $ (b) Prepare a variance report for the production department. (Round standard price per pound to 2 decimal places, eg. 1.25.) CORONADO LANDSCAP Variance Report - Production For the Current Mon Actual Pounds Standard Pounds Standard Price Per Pound Project Remington $ $ Chang Wyco Total quantity variance $

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