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

60.1K

Verified Solution

Question

Accounting

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 1.4 oz. $ 0.40 per oz. $ 0.56
Water 12 gal. $ 0.04 per gal. 0.48
Direct labor 0.9 hr. $ 9.00 per hr. 8.10

During the month of July, Collins employees gave 320 baths. The actual results were 710 ounces of shampoo used (cost of $340.80), 6,200 gallons of water used (cost of $434), and labor costs for 260 hours (cost of $2,756). 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.)

image

Suds & Cuts is a local pet grcoming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given: Slandard Quantty Stancard RateUnit Cost 14 u 0.40 o 12 gal. 0.04 per gel .9 r 9.00 er h $ 0.55 Water 0.48 a.10 During the rriunh of July. Colin's employs gavo 320 balhs. The aclual resulls were 710 ouncus of shampuo used cos of $340.00), 6.200 gallons of waler usud (cusl o S434 and labur cosls fo1 260 hours (cosl uf $2,756 Required: 1. Calcaulate Suds&Cuta direct materlals variances for bath shampco and water for the month at July. (Round your answers to 2 declmal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Shampoo Water Direct M terial Price 'Vaiance Direct Material Quantity ariance104.80 04.40 U

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students