Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribedimage 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 Standard Quantity Shampoo 2.4 02. 50.70 per oz. Mater 22 gal. $ 0.06 per gal. Direct labor 1.4 hr. $11.00 per hr. Standard Rate Standard Unit Cost $ 1.08 1.32 15.40 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) 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. (Round your answers to 2 decimal places. Indicate the effect of each variance by selecting for favorabile, "U" for untavcicable, and "None" for no effect (ie, zero variance).) Direct Material Price Variance Direct Material Quantity Variance Shampoo Water Required 2 >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Horngrens Financial and Managerial Accounting

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

4th Edition

978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584

More Books

Students also viewed these Accounting questions

Question

What are the five groups on the diffusion of innovation curve?

Answered: 1 week ago