BUS 208 Chapter 9 Homework i Saved 5 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: 3 points Standard Quantity Standard Rate Shampoo 2.8 oz. $ 0.40 per oz. Water 26 gal. $ 0.04 per gal. Direct labor 1.6 hr. $12.00 per hr. Standard Unit Cost $ 1.12 1.04 19.20 eBook During the month of July, Collin's employees gave 460 baths. The actual results were 780 ounces of shampoo used (cost of $405.60). 7,600 gallons of water used (cost of $608), and labor costs for 400 hours (cost of $5,400). Hint 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. References 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 BUS 208 Chapter 9 Homework i Saved 5 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: 3 points Shampoo Water Direct labor Standard Quantity Standard Rate 2.8 oz. $ 0.40 per oz. 26 gal. $ 0.04 per gal. 1.6 hr. $12.00 per hr. Standard Unit Cost $ 1.12 1.04 19.20 eBook During the month of July, Collin's employees gave 460 baths. The actual results were 780 ounces of shampoo used (cost of $405.60). 7,600 gallons of water used (cost of $608), and labor costs for 400 hours (cost of $5,400). Hint 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. References 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 (i.e., zero variance). Round your answers to nearest dollar amount.) Direct Labor Rate Variance Direct Labor Efficiency Variance