Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath
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 1.5 ounces gallons. hour 13 0.95 Standard Rate $0.50 per ounces $0.05 per gallons. $10.00 per hour Standard Unit Cost $0.75 0.65 9.50 During the month of July, Collin's employees gave 330 baths. The actual results were 715 ounces of shampoo used (cost of $400.40). 6,300 gallons of water used (cost of $441), and labor costs for 270 hours (cost of $2,916). 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. Required 1 Required 2 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 (ie., zero variance). Direct Material Price Variance Direct Material Quantity Variance Shampoo Water 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 1.5 ounces 13 gallons. 0.95 hour Standard Rate $0.50 per ounces Standard Unit Cost $0.75 $0.05 per gallons $10.00 per hour 0.65 9.50 During the month of July, Collin's employees gave 330 baths. The actual results were 715 ounces of shampoo used (cost of $400.40). 6,300 gallons of water used (cost of $441), and labor costs for 270 hours (cost of $2,916). 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. Required 1 Required 2 Calculate Suds & Cuts, direct labor variances for the month of July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Round your answers to nearest dollar amount. Direct Labor Rate Variance Direct Labor Efficiency Variance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started