Suds & Cuts is a local pet grooming shop owned by Colin Bark Collin has prepared the following standard cost card for each dog bath given Shampoo water Direct labor Standard Quantity Standard Rate 2.2 0. 5 0.50 per or 20 gal. 5 0.04 per gold 1.3 hr. $11.00 per her Standard Unit Cost $ 1.10 0.80 14.30 During the month of July, Colin's employees gave 400 baths. The actual results were 750 ounces of shampoo used (cost of $435.00). 17.000 gallons of water used (cost of $560), and labor costs for 340 hours (cost of $4.216) 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 "P" for favorable, "U" for unfavorable) Shampoo Water Direc Material Price Valance Died 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