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 2.9 oz. 27 gal. 1.65 hr. Standard Rate $ 0.50 per oz. $ 0.04 per gal. $12.00 per hr. Standard Unit Cost $ 1.45 1.08 19.80 During the month of July, Collin's employees gave 470 baths. The actual results were 785 ounces of shampoo used (cost of $471.00), 7,700 gallons of water used (cost of $616), and labor costs for 410 hours (cost of $5,371). Required: 1. 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 for favorable, "U" for unfavorable.)
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 2.9 oz. 27 gal. 1.65 hr. Standard Rate $ 0.50 per oz. $ 0.04 per gal. $12.00 per hr. Standard Unit Cost $ 1.45 1.08 19.80 During the month of July, Collin's employees gave 470 baths. The actual results were 785 ounces of shampoo used (cost of $471.00), 7,700 gallons of water used (cost of $616), and labor costs for 410 hours (cost of $5,371). Required: 1. 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 for favorable, "U" for unfavorable.)
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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![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
2.9 oz.
27 gal.
1.65 hr.
Standard
Rate
Direct Material Price Variance
Direct Material Quantity
Variance
$ 0.50 per oz.
$ 0.04 per gal.
$12.00 per hr.
During the month of July, Collin's employees gave 470 baths. The actual results were 785 ounces of
shampoo used (cost of $471.00), 7,700 gallons of water used (cost of $616), and labor costs for 410
hours (cost of $5,371).
Required:
1. 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.)
Direct Labor Rate Variance
Direct Labor Efficiency Variance
Shampoo
Standard
Unit Cost
$ 1.45
1.08
19.80
U
U
UF
Water
2. Calculate Suds & Cuts direct labor variances for the month of July. (Indicate the effect of each
variance by selecting "F" for favorable, "U" for unfavorable.)
U
F](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2781b477-a13d-4959-ac03-8179b0539c9f%2F0de9df16-1ea6-4663-9d97-a4059b890147%2F1ldduv8_processed.png&w=3840&q=75)
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:
Shampoo
Water
Direct labor
Standard
Quantity
2.9 oz.
27 gal.
1.65 hr.
Standard
Rate
Direct Material Price Variance
Direct Material Quantity
Variance
$ 0.50 per oz.
$ 0.04 per gal.
$12.00 per hr.
During the month of July, Collin's employees gave 470 baths. The actual results were 785 ounces of
shampoo used (cost of $471.00), 7,700 gallons of water used (cost of $616), and labor costs for 410
hours (cost of $5,371).
Required:
1. 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.)
Direct Labor Rate Variance
Direct Labor Efficiency Variance
Shampoo
Standard
Unit Cost
$ 1.45
1.08
19.80
U
U
UF
Water
2. Calculate Suds & Cuts direct labor variances for the month of July. (Indicate the effect of each
variance by selecting "F" for favorable, "U" for unfavorable.)
U
F
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