E9-5 (Algo) Calculating Direct Materials and Direct Labor Variances [LO 9-3, 9-4] Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given: Shampoo Water Standard Quantity 2.3 oz. 21 gal. Direct labor 1.35 hr. Standard Rate $ 0.60 per oz. $ 0.05 per gal. $11.00 per hr. Standard Unit Cost $ 1.38 1.05 14.85 During the month of July, Collin's employees gave 410 baths. The actual results were 755 ounces of shampoo used (cost of $520.95), 7,100 gallons of water used (cost of $639), and labor costs for 350 hours (cost of $4,375). Required: 1. Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July. 2. Calculate Suds & Cuts direct labor variances for the month of July. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July. (Round your answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct Material Price Variance $ Shampoo 0.00 × Water Direct Material Quantity Variance $ 451.62 None F × $ $ 0.00 None 353.95 XU Required 1 Required 2 >
E9-5 (Algo) Calculating Direct Materials and Direct Labor Variances [LO 9-3, 9-4] Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given: Shampoo Water Standard Quantity 2.3 oz. 21 gal. Direct labor 1.35 hr. Standard Rate $ 0.60 per oz. $ 0.05 per gal. $11.00 per hr. Standard Unit Cost $ 1.38 1.05 14.85 During the month of July, Collin's employees gave 410 baths. The actual results were 755 ounces of shampoo used (cost of $520.95), 7,100 gallons of water used (cost of $639), and labor costs for 350 hours (cost of $4,375). Required: 1. Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July. 2. Calculate Suds & Cuts direct labor variances for the month of July. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July. (Round your answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct Material Price Variance $ Shampoo 0.00 × Water Direct Material Quantity Variance $ 451.62 None F × $ $ 0.00 None 353.95 XU Required 1 Required 2 >
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 11PB: Use the following standard cost card for 1 gallon of ice cream to answer the questions. Actual...
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Question
![E9-5 (Algo) Calculating Direct Materials and Direct Labor Variances [LO 9-3, 9-4]
Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog
bath given:
Shampoo
Water
Standard
Quantity
2.3 oz.
21 gal.
Direct labor 1.35 hr.
Standard Rate
$ 0.60 per oz.
$ 0.05 per gal.
$11.00 per hr.
Standard
Unit Cost
$ 1.38
1.05
14.85
During the month of July, Collin's employees gave 410 baths. The actual results were 755 ounces of shampoo used (cost of $520.95),
7,100 gallons of water used (cost of $639), and labor costs for 350 hours (cost of $4,375).
Required:
1. Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July.
2. Calculate Suds & Cuts direct labor variances for the month of July.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July. (Round your answers to 2
decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no
effect (i.e., zero variance).)
Direct Material Price Variance
$
Shampoo
0.00 ×
Water
Direct Material Quantity Variance
$
451.62
None
F
× $
$
0.00
None
353.95 XU
Required 1
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d1de053-793c-4a26-97a7-de8d6a0f17cf%2Fd0b4b7f8-60f5-40da-a75b-a4f7df5d5e43%2Fsmpzgan_processed.jpeg&w=3840&q=75)
Transcribed Image Text:E9-5 (Algo) Calculating Direct Materials and Direct Labor Variances [LO 9-3, 9-4]
Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog
bath given:
Shampoo
Water
Standard
Quantity
2.3 oz.
21 gal.
Direct labor 1.35 hr.
Standard Rate
$ 0.60 per oz.
$ 0.05 per gal.
$11.00 per hr.
Standard
Unit Cost
$ 1.38
1.05
14.85
During the month of July, Collin's employees gave 410 baths. The actual results were 755 ounces of shampoo used (cost of $520.95),
7,100 gallons of water used (cost of $639), and labor costs for 350 hours (cost of $4,375).
Required:
1. Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July.
2. Calculate Suds & Cuts direct labor variances for the month of July.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July. (Round your answers to 2
decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no
effect (i.e., zero variance).)
Direct Material Price Variance
$
Shampoo
0.00 ×
Water
Direct Material Quantity Variance
$
451.62
None
F
× $
$
0.00
None
353.95 XU
Required 1
Required 2 >
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