E prodreader- proami < 149 of 366 > E9-5 Calculating Direct Materials and Direct Labor Variances LO 9-3, LO 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: Standard Quantity Standard Rate Standard Unit Cost Shampoo 2 oz. $0.10 per oz. $0.20 Water 20 gal. $0.05 per gal. 1.00 Direct labor 0.75 hr. $9.00 per hr. 6.75 During the month of July, Collin's employees gave 360 baths. The actual results were 725 ounces of shampoo used (cost of $116), 6,500 gallons of water used (cost of $455), and labor costs for 230 hours (cost of $2,300). 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. 3. Identify a possible cause of each variance. Type here to search 10:33 PM 3/22/2022 Aa 4