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 Direct labor Standard Quantity 1.9 17 1.15 ounces gallons hour Standard Unit Standard Rate $0.20 per ounces $0.04 per gallons $10.00 per hour Cost $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. 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. Note: Round your intermediate calculations and final 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 บ Water บ Direct Material Quantity Variance U < 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 Direct labor Standard Quantity 1.9 17 1.15 ounces gallons hour Standard Unit Standard Rate $0.20 per ounces $0.04 per gallons $10.00 per hour Cost $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. 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. Note: Round your intermediate calculations and final 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 บ Water บ Direct Material Quantity Variance U < Required 1 Required 2 >
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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![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
Direct labor
Standard Quantity
1.9
17
1.15
ounces
gallons
hour
Standard Unit
Standard Rate
$0.20 per ounces
$0.04 per gallons
$10.00 per hour
Cost
$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.
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.
Note: Round your intermediate calculations and final 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
บ
Water
บ
Direct Material Quantity Variance
U
< Required 1
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5da13d65-216e-4682-b73b-baa929579699%2F667011f6-e6cf-4193-9a2d-3170c8a16e1b%2Fwyi51y7_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
Direct labor
Standard Quantity
1.9
17
1.15
ounces
gallons
hour
Standard Unit
Standard Rate
$0.20 per ounces
$0.04 per gallons
$10.00 per hour
Cost
$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.
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.
Note: Round your intermediate calculations and final 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
บ
Water
บ
Direct Material Quantity Variance
U
< Required 1
Required 2 >
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ISBN:
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