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 Quantity 2.4 oz. Standard Unit Cost $ 1.68 1.32 Standard Rate $ 0.70 per oz. 22 gal. $0.06 per gal. $11.00 per hr. Shampoo Water Direct labor 1.4 hr. 15.40 During the month of July, Collin's employees gave 420 baths. The actual results were 760 ounces of shampoo used (cost of $600.40). 7,200 gallons of water used (cost of $648), and labor costs for 360 hours (cost of $4,536). 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 labor varlances for the month of July. (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.) 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 Quantity 2.4 oz. Standard Unit Cost $ 1.68 1.32 Standard Rate $ 0.70 per oz. 22 gal. $0.06 per gal. $11.00 per hr. Shampoo Water Direct labor 1.4 hr. 15.40 During the month of July, Collin's employees gave 420 baths. The actual results were 760 ounces of shampoo used (cost of $600.40). 7,200 gallons of water used (cost of $648), and labor costs for 360 hours (cost of $4,536). 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 labor varlances for the month of July. (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.) Direct Labor Rate Variance Direct Labor Efficiency Variance ( 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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Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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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
Standard Rate
Unit Cost
Quantity
2.4 oz.
$ 1.68
$ 0.70 per oz.
22 gal. $0.06 per gal.
$11.00 per hr.
Shampoo
1.32
Water
15.40
Direct labor
1.4 hr.
During the month of July, Collin's employees gave 420 baths. The actual results were 760 ounces of shampoo used (cost of $600.40),
7,200 gallons of water used (cost of $648), and labor costs for 360 hours (cost of $4536).
Required:
1. Calculate Suds & Cuts direct materials variances for both shamp0o 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 labor varlances for the month of July. (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.)
Direct Labor Rate Variance
Direct Labor Efficiency Variance
< Required 1
Required 2>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd59b8a64-69fe-4eac-9087-1a2fc5594f73%2F7a03f32b-133c-48f4-8347-b4d562de4d09%2Fhunlcqce_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:
Standard
Standard
Standard Rate
Unit Cost
Quantity
2.4 oz.
$ 1.68
$ 0.70 per oz.
22 gal. $0.06 per gal.
$11.00 per hr.
Shampoo
1.32
Water
15.40
Direct labor
1.4 hr.
During the month of July, Collin's employees gave 420 baths. The actual results were 760 ounces of shampoo used (cost of $600.40),
7,200 gallons of water used (cost of $648), and labor costs for 360 hours (cost of $4536).
Required:
1. Calculate Suds & Cuts direct materials variances for both shamp0o 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 labor varlances for the month of July. (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.)
Direct Labor Rate Variance
Direct Labor Efficiency Variance
< Required 1
Required 2>
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