E$9-5($Algo$)$ Calculating Direct Materials and Direct Labor Variances LO $9-3,9-4]$

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 $340$ baths. The actual results were $720$ ounces of shampoo used $($cost of

$$482\mathrm{.}40),6,400$ gallons of water used $($cost of $$448),$ and labor costs for $280$ hours $($cost of $$3,080).$

Required:

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.

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, and "None" for no

effect $($i$.$e$.,$ zero variance$).)$

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, and "None" for no effect $($i$.$e$.,$ zero variance$).$ Round your answers to nearest dollar amount.$)$