Question

Project Remington Chane Wyca Total variance Actual Standard Quantity Costs Quantity Costs 540 lbs. $1.296 450 lbs. $1,170 400 920 410 1,066 590 1593 500 1,300 Total Variance $126 U 146 F 293 U $273 U 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 Actual Pounds Purchased Actual Price Per Paund Standard Price Par Pound Praject Price Variance Explanation Remington $ S 1170 $ 68.040 540 400 1,296 220 Chang 1065 8400 Favorable Wyca 179 An 279 Untvorable Favorable Total arise variance $ Prenare variance report to the production department i n standardarke per pound to 2 decimal places, eg 1.25) PICARD LANDSCAPING Variance Report - Production Department For the Current Month Actual Standard Standard Price Per Pound Quantity Variance Remington 1170 S Sou nfancrabic Chang 410 10 Favorable Wyca Unwolke Total quantity variance 170 Untevorable

Answer 1

Picard Landscaping - Variance Report- Purchaseing Department
Project	Actual Pound Purchased (a)	Actual Price per Pound (b)	Std Price Per Pound (c )	Price variance (c-b)*a		Explanation
Remington	540	$2.40	$2.60	$108.00	Favourable	Purphase Poor quality seeds
		(1296/540)	(1170/450)
Chang	400	$2.30	$2.60	$120.00	Favourable	Seed on Sales
		(920/400)	(1066/410)
Wyco	590	$2.70	$2.60	-$59.00	UnFavourable	Price increased
		(1593/590)	(1300/500)
Total Price variance				$169.00
Picard Landscaping - Variance Report- Production Department
Project	Actual Pound (a)	Standard Pound (b)	Std Price Per Pound (c )	Quantity variance (b-a)*c		Explanation
Remington	540	450	$2.60	-$234.00	UnFavourable	Purphase Poor quality seeds
			(1170/450)
Chang	400	410	$2.60	$26.00	Favourable	Purchased Higher Quality Seeds
			(1066/410)
Wyco	590	500	$2.60	-$234.00	UnFavourable	New Employess
			(1300/500)
Total Price variance				-$442.00