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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: Standard Standard Quantity Standard Rate Unit Cont $1.19 0.75 10.50 Shampoo 1.7 oz. $ 0.70 per or. 15 gal. $ 0.05 per gal. Direct labor 1.05 hr. $10,00 per hr. Water During the month of July, Collin's employees gave 350 baths. The actual results were 725 ounces of shampoo used (cost of $558.25), 6,500 gallons of water used (cost of $455), and labor costs for 290 hours (cost of $3,306). Required: 1. Colculate 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.

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: Standard Standard Quantity Standard Rate Unit Cont $1.19 0.75 10.50 Shampoo 1.7 oz. $ 0.70 per or. 15 gal. $ 0.05 per gal. Direct labor 1.05 hr. $10,00 per hr. Water During the month of July, Collin's employees gave 350 baths. The actual results were 725 ounces of shampoo used (cost of $558.25), 6,500 gallons of water used (cost of $455), and labor costs for 290 hours (cost of $3,306). Required: 1. Colculate 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
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please help me in both subparts thnku

req1

req2

Complete this question by entering your answers in the tabs below. Required 1 Required es Calculate Suds & Cuts direct labor variances for the month of July. (Indicate the effect of eac favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your ans Direct Labor Rate Variance Direct Labor Efficiency Variance < Required 1 Required 2
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required 1 Required es Calculate Suds & Cuts direct labor variances for the month of July. (Indicate the effect of eac favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your ans Direct Labor Rate Variance Direct Labor Efficiency Variance < 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: Standard Standard Quantity Standard Rate Unit Cont 1.7 oz. $ 0.70 per oz. 15 gal. $ 0.05 per gal. Shampoo $ 1.19 Water 0.75 Direct labor 1.o5 hr. $10,00 per hr. 10.50 During the month of July, Collin's employees gave 350 baths. The actual results were 725 ounces of shampoo used (cost of $558.25), 6,500 gallons of water used (cost of $455), and labor costs for 290 hours (cost of $3,306). 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. 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 (1.e., zero variance).) Shampoo Water Direct Material Price Variance Direct Material Quantity Variance Required 1 Required 2>
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: Standard Standard Quantity Standard Rate Unit Cont 1.7 oz. $ 0.70 per oz. 15 gal. $ 0.05 per gal. Shampoo $ 1.19 Water 0.75 Direct labor 1.o5 hr. $10,00 per hr. 10.50 During the month of July, Collin's employees gave 350 baths. The actual results were 725 ounces of shampoo used (cost of $558.25), 6,500 gallons of water used (cost of $455), and labor costs for 290 hours (cost of $3,306). 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. 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 (1.e., zero variance).) Shampoo Water Direct Material Price Variance Direct Material Quantity Variance Required 1 Required 2>
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