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, Collins employees gave 340 baths. The actual results were 720 ounces 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.)

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. Round your answers to nearest dollar amount.)

Standard Standard Quantity 1.6 oz $ 0.60 per oz 14 gal. 0.05 per gal 1 hr. $10.00 per hr. Standard Rate Unit Cost $ 0.96 0.70 10.00 Shampoo Water Direct labor Shampoo Water Direct Material Price Variance Direct Material Quantity Variance Direct Labor Rate Variance Direct Labor Efficiency Variance