Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepar
ID: 2449556 • Letter: S
Question
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:
During the month of July, Collin’s employees gave 480 baths. The actual results were 790 ounces of shampoo used (cost of $560.90), 7,800 gallons of water used (cost of $624), and labor costs for 420 hours (cost of $5,544).
Calculate 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.
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:
Explanation / Answer
Particulars Standard Actual Qty Rate amount Qty Rate amount Materials - Shampoo 1,440.00 0.60 864.00 790.00 0.71 560.90 Materials - Water 13,440.00 0.07 940.80 7,800.00 0.08 624.00 Labour 816.00 12.0000 9,792.00 420.00 13.20 5,544.00 Actual output 480.00 Materials Shampoo - reqd(480*3) 1,440.00 Materials Water - reqd(480*28) 13,440.00 Labour hrs reqd(480*1.7) 816.00 Shampoo DMPV = (SP-AP)*AQ DMPV = (.60-.71)790 DMPV = 86.90 U DMQV= (SQ-AQ)SP DMQV= (1440-790).60 DMQV= 390 F Water DMPV = (SP-AP)*AQ DMPV = (.07-.08)7800 DMPV = 78U DMQV= (SQ-AQ)SP DMQV= (13440-7800).07 DMQV= 394.80 F DLRV= (SR-AR)AH DLRV= (12-13.20)420 DLRV= 504 U DLEV = (SH-AH)SR DLEV = (816-420)12 DLEV = 4752 F
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