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: Standard Standard Quantity 1.9 oz. $ 0.20 per oz. 17 gal. $ 0.04 per gal. Standard Rate Unit Cost Shampoo Water Direct labor 1.15 hr. $10.00 per hr. $ 0.38 0.68 11.50 During the month of July, Collin's employees gave 370 baths. The actual results were 735 ounces of shampoo used (cost of $205.80). 6,700 gallons of water used (cost of $536), and labor costs for 310 hours (cost of $3,658). 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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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:
Standard
Quantity
1.9 oz. $ 0.20 per oz.
17 gal. $ 0.04 per gal.
Standard
Standard Rate Unit Cost
$ 0.38
0.68
11.50
Shampoo
Water
Direct labor 1.15 hr. $10.00 per hr.
During the month of July, Collin's employees gave 370 baths. The actual results were 735 ounces of shampoo used (cost of $205.80),
6,700 gallons of water used (cost of $536), and labor costs for 310 hours (cost of $3,658).
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.
int
Complete this question by entering your answers in the tabs below.
etences
Required 1
Required 2
Calcuiate 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 (1.e., zero variance).)
Shampoo
Water
Direct Material Price Variance
Direct Material Quantity Variance
Raquired
Required 2 >
Transcribed Image Text: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: Standard Quantity 1.9 oz. $ 0.20 per oz. 17 gal. $ 0.04 per gal. Standard Standard Rate Unit Cost $ 0.38 0.68 11.50 Shampoo Water Direct labor 1.15 hr. $10.00 per hr. During the month of July, Collin's employees gave 370 baths. The actual results were 735 ounces of shampoo used (cost of $205.80), 6,700 gallons of water used (cost of $536), and labor costs for 310 hours (cost of $3,658). 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. int Complete this question by entering your answers in the tabs below. etences Required 1 Required 2 Calcuiate 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 (1.e., zero variance).) Shampoo Water Direct Material Price Variance Direct Material Quantity Variance Raquired Required 2 >
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