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 0.24 0.40 7.20 Standard Shampoo Water Direct labor QuantityStandard Rate 1.2 oz. $ 0.20 per oz 10 gal. $0.04 per gal 0.8 hr. $ 9.00 per hr During the month of July, Collin's employees gave 300 baths. The actual results were 700 ounces of shampoo used (cost of $182.00), 6,000 gallons of water used (cost of $420), and labor costs for 240 hours (cost of $2,448) 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.) Shampodo Water Direct Material Price Variance Direct Material Quantity Variance