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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 1.8 ounces gallons hour 16 1.1 Standard Rate $0.10 per ounces $0.05 per gallons per hour $10.00 Standard Unit Cost $0.18 0.80 11.00 During the month of July, Collin's employees gave 360 baths. The actual results were 730 ounces of shampoo used (cost of $131.40). 6,600 gallons of water used (cost of $528), and labor costs for 300 hours (cost of $3,480). 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. C 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 (ie, zero variance).

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 1.8 ounces gallons hour 16 1.1 Standard Rate $0.10 per ounces $0.05 per gallons per hour $10.00 Standard Unit Cost $0.18 0.80 11.00 During the month of July, Collin's employees gave 360 baths. The actual results were 730 ounces of shampoo used (cost of $131.40). 6,600 gallons of water used (cost of $528), and labor costs for 300 hours (cost of $3,480). 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. C 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 (ie, zero variance).

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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M Question 5 Chapter 09 Home X education.com/ext/map/indexhtml?con conduexternal browser-08daunchUrinhttp%253A%252F%252Fnewconnect.mheducation.com/5214/activity/s Homework . Shampoo Water Direct labor 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 1.8 16 1.1 Saved ounces gallons hour Standard Rate $0.10 per ounces $0.05 per gallons $10.00 per hour Standard Unit Cost $0.18 0.80 11.00 Complete this question by entering your answers in the tabs below. During the month of July, Collin's employees gave 360 baths. The actual results were 730 ounces of shampoo used (cost of $131.40), 6,600 gallons of water used (cost of $528), and labor costs for 300 hours (cost of $3,480). 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. Help Save & 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 (ie, zero variance). CH
Transcribed Image Text:M Question 5 Chapter 09 Home X education.com/ext/map/indexhtml?con conduexternal browser-08daunchUrinhttp%253A%252F%252Fnewconnect.mheducation.com/5214/activity/s Homework . Shampoo Water Direct labor 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 1.8 16 1.1 Saved ounces gallons hour Standard Rate $0.10 per ounces $0.05 per gallons $10.00 per hour Standard Unit Cost $0.18 0.80 11.00 Complete this question by entering your answers in the tabs below. During the month of July, Collin's employees gave 360 baths. The actual results were 730 ounces of shampoo used (cost of $131.40), 6,600 gallons of water used (cost of $528), and labor costs for 300 hours (cost of $3,480). 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. Help Save & 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 (ie, zero variance). CH
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