Shampoo Water Direct labor Standard Quantity ounces gallons. hour 1.4 12 0.9 Standard Rate. $0.40 per ounces $0.04 $9.00 per gallons per hour Required 1 Required 2 During the month of July, Collin's employees gave 320 baths. The actual results were 710 ounces of shampoo used (cost of $340.80), 6,200 gallons of water used (cost of $434), and labor costs for 260 hours (cost of $2,756). Complete this question by entering your answers in the tabs below. 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. Standard Unit Cost Direct Labor Rate Variance Direct Labor Efficiency Variance $0.56 0.48 8.10 Calculate Suds & Cuts, direct labor variances for the month of July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your answers to nearest dollar amount. U F
Shampoo Water Direct labor Standard Quantity ounces gallons. hour 1.4 12 0.9 Standard Rate. $0.40 per ounces $0.04 $9.00 per gallons per hour Required 1 Required 2 During the month of July, Collin's employees gave 320 baths. The actual results were 710 ounces of shampoo used (cost of $340.80), 6,200 gallons of water used (cost of $434), and labor costs for 260 hours (cost of $2,756). Complete this question by entering your answers in the tabs below. 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. Standard Unit Cost Direct Labor Rate Variance Direct Labor Efficiency Variance $0.56 0.48 8.10 Calculate Suds & Cuts, direct labor variances for the month of July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your answers to nearest dollar amount. U F
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 11E: Making journal entries Assume that during the month of April the production report of Algonquin...
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