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 Unit Cost Standard Quantity 2.6 oz 24 gal. 1.5 hr Standard Rate $ 0.20 per oz. 0.05 per gal. $12.00 per hr Shampoo Water Direct labor 0.52 1.20 18.00 During the month of July, Collin's employees gave 440 baths. The actual results were 770 ounces of shampoo used (cost of $231.00), 7,400 gallons of water used (cost of $592), and labor costs for 380 hours (cost of $4,940). 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.) Shampoo Water Direct Material Price Variance Direct Material Quantity Variance 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.) Direct Labor Rate Variance Direct Labor Efficiency Variance