In an effort to improve performance, Lily Painting Service found a new supplier that sold average quality paint. The initial quantity and cost data for each project is below: Project Arrow Building Besler Building Cartwright Building 4,380 Total variance Project Arrow Building Besler Building Cartwright Building Actual Total price variance Quantity 3,610 gallons 3,820 Actual Gallons Purchased Costs $276,165 3,500 gallons $292,230 4,000 $335.070 4,220 (1) Prepare a variance report for the purchasing department with the following columns: (1) Project, (2) Actual Gallons Purchased, (3) Actual Price, (4) Standard Price, (5) Price Variance, and (6) Explanation. (Round Actual Price answers to 2 decimal places, e.g. 10.50.) $ Standard $ Quantity $ Costs Actual Price $273,000 $312,000 $329,160 $ $ Total Variance $3,165 U 19,770 F $ 5,910 U $10,695 F Lily Painting Service Variance Report - Purchasing Department For the month ended XX Standard Price $ $ Price Variance Explanation

In an effort to improve performance, Lily Painting Service found a new supplier that sold average quality paint. The initial quantity and cost data for each project is below: Project Arrow Building Besler Building Cartwright Building 4,380 Total variance Project Arrow Building Besler Building Cartwright Building Actual Total price variance Quantity 3,610 gallons 3,820 Actual Gallons Purchased Costs $276,165 3,500 gallons $292,230 4,000 $335.070 4,220 (1) Prepare a variance report for the purchasing department with the following columns: (1) Project, (2) Actual Gallons Purchased, (3) Actual Price, (4) Standard Price, (5) Price Variance, and (6) Explanation. (Round Actual Price answers to 2 decimal places, e.g. 10.50.) $ Standard $ Quantity $ Costs Actual Price $273,000 $312,000 $329,160 $ $ Total Variance $3,165 U 19,770 F $ 5,910 U $10,695 F Lily Painting Service Variance Report - Purchasing Department For the month ended XX Standard Price $ $ Price Variance Explanation

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Description: In an effort to improve performance, Lily Painting Service found a new supplier that sold average quality paint. The initial quantity and cost data for each project is below:ProjectArrow BuildingBesler BuildingTotal varianceCartwright Building 4,380

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter14: Quality And Environmental Cost Management

Section: Chapter Questions

Problem 21E: At the end of 20x5, Bing Pharmaceuticals began to implement an environmental quality management...

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