ShampooWaterDirect laborStandard Quantity3ounces281.7gallonshourStandard Rate$0.60 per ounces$0.07 per gallons$12.00 per hourStandard UnitCost$1.801.9620.40During the month of July, Collin's employees gave 480 baths. The actual results were 790 ounces of shampoo used (cost of $560.90),7,800 gallons of water used (cost of $624), and labor costs for 420 hours (cost of $5,544).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 1Required 2Calculate 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 byselecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).ShampooWaterDirect Material Price VarianceDirect Material Quantity Variance< Required 1Required 2 >

1) FormulaShampoo Water Material price varianceActual cost - (AQ*SR)560.90 - (790*0.6)= 86.9 U620 -…

Answered: Shampoo Water Direct labor Standard…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 16E: Kildeer Company makes easels for artists. During the last calendar year, a total of 30,000 easels...

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Via Gelato is a popular neighborhood gelato shop. The company has provided the following data concerning its operations:Fixed Variable ActualElement Element Total forper Month per Liter JuneRevenue .......................... $12.00 $71,540Raw materials ................. $4.65 $29,230Wages ............................. $5,600 $1.40 $13,860Utilities ............................ $1,630 $0.20 $3,270Rent ................................ $2,600 $2,600Insurance ........................ $1,350 $1,350Miscellaneous ................. $650 $0.35 $2,590While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of litersof gelato sold. For example, wages should be $5,600 plus $1.40 per liter of gelato sold and the actual wagesfor June were $13,860. Via Gelato expected to sell 6,000 liters in June, but actually sold 6,200 liters.Required:Prepare a report showing Via Gelato revenue and spending variances for June.
The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below: Standard Quantity or Hours 5.0 millilitres 0.2 hours Standard Price or Rate Standard. Cost Direct materials Direct labour $ 0.26 per millilitre $12.00 per hour During the most recent month, the following activity was recorded: a. 20,500 millilitres of material was purchased at a cost of $0.21 per millilitre. b. All of the material was used to produce 2,100 bottles of Clean-All. c. 650 hours of direct labour time was recorded at a total labour cost of $7,800. $1.30 $2.40 Assume that instead of producing 2,100 bottles of Clean-All during the month, the company produced only 2,000 bottles, using 16,500 millilitres of material. (The rest of the material purchased remained in raw materials inventory.) Materials price variance Materials quantity variance Required. Compute the direct materials price and quantity variances for the month. (Indicate the effect of each variance by selecting…
Saved antcring overhead s budgeted to be $33,000 plus $6 per unit produced. What Is budgeted manufacturing overhead for AuguUst? 32 Sylerh tas brecast production for the next three months as follows: July 6,500 units, August 8,200 units, September 9,100 units. Monthly Mutole Choice S82.200 $I2.000 $9.200 SE7500
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Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Direct materials $7,000 Direct labor 3,000 Manufacturing overhead 2,000 Selling expense 8,000 Last month, 4,000 units were produced and sold. Required: Classify each of the costs as product cost or period cost. Direct materials Direct labor Manufacturing overhead Selling expense What is the total product cost for last month?$ What is the unit product cost for last month?$per unit Product Cost in Total and Per Unit Grin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the following costs: Direct materials $400,000 Direct labor 80,000 Manufacturing overhead 320,000 There were no beginning or ending inventories of WIP. Required: What was the total product cost in January?The total product cost in January is $. What was the product cost per unit in…
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Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Fixed Element per Month $ 6,300 $ 2,330 $ 3,300 $ 2,050 $ 720 Variable Element per Liter $ 19.00 $5.35 $ 2.10 $ 0.90 1.05 Via Gelato Actual Total for June $ 111,530 $ 33,830 $ 18,900 $ 8,100 $3,300 $ 2,050 $6,900 While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. For example. wages should be $6,300 plus $2.10 per liter of gelato sold and the actual wages for June were $18,900, Via Gelato expected to sell 6,000 liters in June, but actually sold 6,200 liters. Required: Calculate Via Gelato revenue and spending variances for June. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e.. zero variance). Input all amounts as positive values.)…

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