Suds & Cuts is a locall pet grooming shop owned by Collin Bark. Collin has prepa

Question

Suds & Cuts is a locall pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given: Standard Quantity Standard RateUnit Cost Shampoo Water Diroct labor 2.7 oz. 0.30 per oz 25 gel. 0.05 per gal. 1.56 hr. $12.00 por hr. $ 0.81 1.25 18.80 During the month of July, Collin's employees gave 450 baths. The actual results were 775 ounces of shampoo used (cost of $286.75), 7,500 gallons of water used (cost of $600), and labor costs for 390 hours (cost of $5.226) Roquired: alculate Suds & Cuts direct materials va ances or both shampoo and water or he month July. Round your answe s to 2 dec nal places in cate the a act of e variance by se acting F fo·favorable, u for unfavorab Direct Material Ptice Variance Direat Matorial 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 R ate Variance Direct Labor Efficienay Varianoe

Explanation / Answer

Shampoo :

Direct material price variance = (0.30*775-288.75) = 56.25 U

Direct material quantity variance = (450*2.7-775)*0.30 = 132 F

Water:

Direct material price variance = (0.05*7500-600) = 225 U

Direct material quantity variance = (450*25-7500)*.05 = 187.50 F

Direct labour rate variance = (12*390-5228) = 548 U

Direct labour efficiency variance = (450*1.55-390)*12 = 3690 F

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