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 stan bath given: Shampoo Water Direct labor

Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following stan bath given: Shampoo Water Direct labor Standard Quantity ounces gallons hour 3.1 29 1.75 Required 1 Required 2 Standard Rate $0.70 per ounces $0.07 per gallons $12.00 per hour During the month of July, Collin's employees gave 490 baths. The actual results were 795 ounces of shampoo used (cost of $643.95), 7,900 gallons of water used (cost of $632), and labor costs for 430 hours (cost of $5,719). Complete this question by entering your answers in the tabs below. 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. Direct Material Price Variance Direct Material Quantity Variance
image text in transcribed
image text in transcribed
image text in transcribed
uring the month of July. Collin's employees gave 490 baths. The actual results were 795 ounces of shampoo used (cost of $643.95 900 gallons of water used (cost of $632 ), and labor costs for 430 hours (cost of $5,719 ). equired: - Caiculate Suds \& Cuts, direct materials variances for both shampoo and water for the month of July. - Calculate Suds \& Cuts, direct labor variances for the month of July. Complete this question by entering your answers in the tabs below. Calculate Suds \& Cuts, direct materials variances for both shampoo and water for the month of July. Note: Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance). 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. Calculate Suds \& Cuts, direct materials variances for both shampoo and water for the month of July. Note: Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Required: 1. Calculate Suds \& Cuts, direct materials variances for both shampoo and water for the month of July 2. Cofculate Suds 8 Cuts, direct labor variances for the month of July Complete this question by entering your answers in the tabs below. Calculate Suds \& Cuts, direct tabor variances for the month of July. Note: Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (Le., pero yariance), Round your answere to nesrest dollar amount

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

Step: 3

blur-text-image

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

Accounting And Finance For Your Small Business

Authors: Eric James Burton, Steven M Bragg

1st Edition

9780471323600

More Books

Students also viewed these Accounting questions

Question

Distinguish between short-term and long-term goals.

Answered: 1 week ago

Question

Many different people can conduct performance appraisals.

Answered: 1 week ago