Requirement 2: Direct labor rate variance and Direct labor efficiency variance

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 Shampoo 1.3 oz. Water 11 gal. Direct labor 0.85 hr. Standard Standard Rate Unit Cost $0.30 per oz. $ 0.39 $0.04 per gal. 0.44 $9.00 per hr. 7.65 During the month of July, Collin's employees gave 310 baths. The actual results were 705 ounces of shampoo used (cost of $232.65), 6,100 gallons of water used (cost of $427), and labor costs for 250 hours (cost of $2,600). 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. Required 1 Required 2 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).) Shampoo Water Direct Material Price Variance Direct Material Quantity Variance Required 1 Required 2 >