Please do not give solution in image format thanku Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dogbath givenShampooMaterOirect laborStandardQuantity Standard Bate2.2.01.20 gal.1.3 hr.$0.50 per oz.$0.04 per gal.$11.00 per hrStandardUnit Cost$ 1.100.0014.30During the month of July. Collin's employees gave 400 baths. The actual results were 750 ounces of shampoo used (cost of $435.00),7.000 gallons of water used (cost of $560), and labor costs for 340 hours (cost of $4,216)Required:1. Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July2. Calculate Suds & Cuts direct labor variances for the month of July,Complete. question by entering your answers in the tabs below.Required 1Required 2Calculate Suds & Cuts direct labor variances for the month of July. (Indicate the effect of each variance by selecting "F" forfavorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Round your answers to nearest dollar amount.)Direct Labor Rate VarianceDirect Labor Efficiency Varianice< Required 12) Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dogbath given:ShampooWaterDirect laborStandardQuantity2.2 oz.20 gal1.3 hr.Standard Rate$0.50 per oz.$0.04 per gal..$11.00 per heStandardUnit Cost$ 1.100.0014.30During the month of July. Collin's employees gave 400 baths. The actual results were 750 ounces of shampoo used (cost of $435.00).7.000 gallons of water used (cost of $560), and labor costs for 340 hours (cost of $4,216).Required:1. Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July2. Calculate Suds & Cuts direct labor variances for the month of JulyComplete this question by entering your answers in the tabs below.Required 1 Required 2Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July. (Round your answers to 2decimal places. Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None for noeffect (.e., zero variance).)Direct Material Price VarianceDirect Material Quantity VarianceShampoo

Direct Material Variance :— It is the difference between standard direct material cost for actual…

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 Mater Direct labor Standard Quantity Standard Bate 2.2.01. 20 gal 1.3 hr. $0.50 per oz. $0.04 per gal. $11.00 per hr Standard Unit Cost $ 1.10 0.00 14.30 During the month of July, Collin's employees gave 400 baths. The actual results were 750 ounces of shampoo used (cost of $435.00), 7.000 gallons of water used (cost of $560), and labor costs for 340 hours (cost of $4,216) 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 variances for the month of July. (Indicate the effect of each variance by selecting "F" for favorable, "u" for unfavorable, and "None" for no effect (ie, zero variance). Round your answers to nearest dollar amount.) Direct Labor Rate Variance Direct Labor Efficiency Varianice < Required 1 Regie 2

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 Mater Direct labor Standard Quantity Standard Bate 2.2.01. 20 gal 1.3 hr. $0.50 per oz. $0.04 per gal. $11.00 per hr Standard Unit Cost $ 1.10 0.00 14.30 During the month of July, Collin's employees gave 400 baths. The actual results were 750 ounces of shampoo used (cost of $435.00), 7.000 gallons of water used (cost of $560), and labor costs for 340 hours (cost of $4,216) 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 variances for the month of July. (Indicate the effect of each variance by selecting "F" for favorable, "u" for unfavorable, and "None" for no effect (ie, zero variance). Round your answers to nearest dollar amount.) Direct Labor Rate Variance Direct Labor Efficiency Varianice < Required 1 Regie 2

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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