Bonita 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. $1,272 450 lbs $1,170 $102 U Chang 400 920 410 1,066 146 F 02 1.196 107 Total variance $353 U ( Prepare a variarke repart for the purchasing department, jessersi aktual armi standarú price per pastarać aviserers to 2 dechired places to
Bonita 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. $1,272 450 lbs $1,170 $102 U Chang 400 920 410 1,066 146 F 02 1.196 107 Total variance $353 U ( Prepare a variarke repart for the purchasing department, jessersi aktual armi standarú price per pastarać aviserers to 2 dechired places to
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do fast with proper calculation and explanation
Transcribed Image Text:Bonita 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
450 lbs $1,170
$102 U
Chang
400
920
410
1,066
146 F
02
1.196
107
Total variance
$353 U
(
Prepare a variarke repart for the purchasing department, jessersi aktual armi standarú price per pastarać aviserers to 2 dechired places to
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