During the month of July, Collin's employees gave 320 baths. The actual resuits were 710 ounces of shampoo used (cost of $340.80). 6,200 gallons of water used (cost of $434 ), and labor costs for 260 hours (cost of \$2,756). Required: 1. Calculate Suds \& Cuts direct materiais 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. Calculate Suds \& Cuts direct materials variances for both shampoo and water for the month of Julv. (Round your answers to 2 decimal olacen, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, reio vatiance).) Suds \& Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath glven: During the month of July, Collin's employees gave 320 baths. The actual results were 710 ounces of shampoo used (cost of $340.80 ). 6,200 gailons of water used (cost of $434), and labor costs for 260 hours (cost of $2,756). Required: 1. Calculate Suds \& Cuts direct materials variances for both shampoo and water for the month of July. 2. Calculate Suds \& Cuts direct labor vanances for the month of July Complete this question by entering your answers in the tabs below. 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 dallar amount.)