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: Standard Quantity Standard Rate Shampoo Water 2 oz. $0.10 per oz.. 20 gal. Direct labor 0.75 hr. $0.05 per gal, $9.00 per hr. Standard Unit Cost $ 0.20 1.00 6.75 During the month of July. Collin's employees gave 360 baths. The actual results were 725 ounces of shampoo used (cost of $116). 6,500 gallons of water used (cost of $455), and labor costs for 230 hours (cost of $2,300). 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 Answer is complete but not entirely correct. 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. (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 2 decimal places.) Direct Material Price Variance Shampoo Water $ 72.50 US 35.00 Direct Material Quantity Variance $ 4.00 700.00 Required 1 Required 2 > 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 202. $0.10 per 02. Standard Rate Standard Unit Cost $0.20 20 gal. 0.75 hr. $0.05 per gal. $9.00 per hr. 1.00 6.75 During the month of July, Collin's employees gave 360 baths. The actual results were 725 ounces of shampoo used (cost of $116), 6,500 gallons of water used (cost of $455), and labor costs for 230 hours (cost of $2,300) 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 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 (ie zero variance). Direct Labor Rate Variance Direct Labor Efficiency Variance 230 7,050