E9-5 (Algo) Calculating Dirct Materials and Direct Labor Variances [LO 9-3, 9-4] Suds \& Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for e bath given: During the month of July, Collin's employees gave 480 baths. The actual results were 790 ounces of shampoo used (cost o 7,800 gallons of water used (cost of $624 ), and labor costs for 420 hours (cost of $5.544 ) Required: 1. Calculate Suds \& Cuts, direct materlals 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. E9-5 (Algo) Calculating Dirct Materials and Direct Labor Variances [LO 9-3, 9-4] Suds \& Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for e bath given: During the month of July, Collin's employees gave 480 baths. The actual results were 790 ounces of shampoo used (cost o 7,800 gallons of water used (cost of $624 ), and labor costs for 420 hours (cost of $5.544 ) Required: 1. Calculate Suds \& Cuts, direct materlals 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