(9.1.3) Olive Company makes silver belt buckles. The companys master budget appears in the first column of the table.

Required: Complete the table by preparing Olive's flexible budget for 5,200, 7,200, and 8,200 units. (Round your intermediate calculations to 2 decimal places.) Flexible Budget (7,200 Units) Flexible Budget (8,200 Units) Master Budget (6,200 Units) Flexible Budget (5,200 Units) $ Direct materials 1,240 Direct labor 3,100 Variable manufacturing overhead 1,860 Fixed manufacturing overhead 17,800 $ 24,000 Total manufacturing cost 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 1.6 oz 14 gal. 0.05 per gal 1 hr Standard Unit Cost $ 0.96 Standard Rate $ 0.60 per oz. Shampoo Water Direct labor 0.70 $10.00 per hr. 10.00 During the month of July, Collin's employees gave 340 baths. The actual results were 720 ournces of shampoo used (cost of $482.40), 6,400 gallons of water used (cost of $448), and labor costs for 280 hours (cost of $3,080) 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.) Shampoo Water Direct Material Price Variance Direct Material Quantity Variance