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 2.1 oz. Standard Rate Unit Cost $ 0.84 $ 0.40 per oz. 19 gal. $ 0.06 per gal. $11.00 per hr. Shampoo Water 1.14 Direct labor 1.25 hr. 13.75 During the month of July, Collin's employees gave 390 baths. The actual results were 745 ounces of shampoo used (cost of $372.50), 6,900 gallons of water used (cost of $552), and labor costs for 330 hours (cost of $4,026). 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 (i.e., zero variance).) Shampoo Water Direct Material Price Variance Direct Material Quantity Variance < Required 1 Required 2 <>

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Chapter1: Financial Statements And Business Decisions
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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:

 

  Standard Quantity   Standard Rate Standard Unit Cost
Shampoo 2.1 oz.   $ 0.40 per oz.   $ 0.84
Water 19 gal.   $ 0.06 per gal.     1.14
Direct labor 1.25 hr.   $ 11.00 per hr.     13.75
 

 

During the month of July, Collin’s employees gave 390 baths. The actual results were 745 ounces of shampoo used (cost of $372.50), 6,900 gallons of water used (cost of $552), and labor costs for 330 hours (cost of $4,026).

 

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.

 

 

 

 

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
2.1 oz.
Standard Rate
Unit Cost
$ 0.84
$ 0.40 per oz.
19 gal. $ 0.06 per gal.
$11.00 per hr.
Shampoo
Water
1.14
Direct labor 1.25 hr.
13.75
During the month of July, Collin's employees gave 390 baths. The actual results were 745 ounces of shampoo used (cost of $372.50),
6,900 gallons of water used (cost of $552), and labor costs for 330 hours (cost of $4,026).
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 (i.e., zero variance).)
Shampoo
Water
Direct Material Price Variance
Direct Material Quantity Variance
< Required 1
Required 2
<>
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: Standard Standard Quantity 2.1 oz. Standard Rate Unit Cost $ 0.84 $ 0.40 per oz. 19 gal. $ 0.06 per gal. $11.00 per hr. Shampoo Water 1.14 Direct labor 1.25 hr. 13.75 During the month of July, Collin's employees gave 390 baths. The actual results were 745 ounces of shampoo used (cost of $372.50), 6,900 gallons of water used (cost of $552), and labor costs for 330 hours (cost of $4,026). 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 (i.e., zero variance).) Shampoo Water Direct Material Price Variance Direct Material Quantity Variance < Required 1 Required 2 <>
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