Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

es Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog

es 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 Water Direct labor Standard Quantity ounces gallons hour 2.4 22 1.4 Required Standard Rate $0.70 per ounces $0.06 $11.00 per gallons per hour During the month of July, Collin's employees gave 420 baths. The actual results were 760 ounces of shampoo used (cost of $600.40 7,200 gallons of water used (cost of $648), and labor costs for 360 hours (cost of $4,536). Complete this question by entering your answers in the tabs below. Required 2 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. Standard Unit Cost Direct Material Price Variance Direct Material Quantity Variance $1.68 1.32 15.40 Required 1 Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July. Note: Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Shampoo Water
image text in transcribed
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: During the month of July, Collin's employees gave 420 baths. The actual results were 760 ounces of shampoo used (cost of $600.4 7,200 gallons of water used (cost of $648 ), and labor costs for 360 hours (cost of $4.536 ). 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. Calculate Suds \& Cuts, direct materials variances for both shampoo and water for the month of July. Note: Round your intermediate calculations and finel answers to 2 decimal ploces. Indicate the effect of each variance by selecting " F " for favorable, "U" lor unfavorable, and "None" for no effect (l.e, zero variance)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions