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 Mater Standard Quantity 1.6 oz. Standard Rate $0.60 per oz. Direct labor 14 gal. 1 hr. $ 0.05 per gal. $10.00 per hr. Standard Unit Cost $ 0.96 0.70 10.00 During the month of July, Collin's 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.) Direct Material Price Variance Direct Material Quantity Variance Shampoo Water 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