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: Shampoo Water Standard Quantity 2.2 oz. 20 gal. Direct labor 1.3 hr. $ 0.50 per oz. $0.04 per gal. $11.00 per hr. Standard Rate Standard Unit Cost $ 1.10 0.80 14.30 During the month of July, Collin's employees gave 400 baths. The actual results were 750 ounces of shampoo used (cost of $435.00), 7,000 gallons of water used (cost of $560), and labor costs for 340 hours (cost of $4,216). 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
Q: Assume that a company has two cost drivers-number of courses and number of students. The planned…
A: ACTIVITY BASED COSTING Activity Based Costing is a powerful tool for measuring…
Q: Puget Sound Divers is a company that provides diving services such as underwater ship repairs to…
A: The flexible budget is prepared based on a master budget in which variable cost per unit and fixed…
Q: On January 1, Mitzu Company pays a lump-sum amount of $2,750,000 for land, Building 1, Building 2,…
A: Journal entries are recorded in a systematic order in the books of account. Journal entries help a…
Q: Given the following data for Handle Division: Selling price to outside customers $ 185…
A: The objective of this question is to determine the financial impact on the company if the Handle…
Q: Beginning inventory, purchases, and sales for an inventory item are Sep. 1 Beginning Inventory 26…
A: Last-in, First-out Method: Under this method, cost of inventory sold and value of ending inventory…
Q: MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost…
A: The direct material budget is a financial plan that determines how much material must be bought in…
Q: None
A: Return on investment is calculated by dividing controllable margin by average operating assets.…
Q: Required information [The following information applies to the questions displayed below] Shadee…
A: Income statement:The income statement is the statement or the record that is prepared by the company…
Q: Winkin, Blinkin, and Nod are equal shareholders in SleepEZ, an S corporation. In the conditions…
A: The daily allocation method focuses on distributing income proportionally based on daily balances,…
Q: Mowers Inc. makes mowers for commercial landscapers. Their sales budget is shown below: Sep sales,…
A: PRODUCTION BUDGETProduction Budget is a Forecast of the Production for the Budgeted Period of an…
Q: Missing Statement Items, Available-for-Sale Securities Highland Industries Inc. makes investments in…
A: A debt or equity instrument that is bought with the intention of selling it before it matures or…
Q: Laker Company reported the following January purchases and sales data for its only product. For…
A: InventoryIt is the stock held for sale to customers. The inventory comprises of raw materials, work…
Q: Juan, a self-employed medical doctor, maintains an office in his home where he maintains patient…
A: 1. Exclusive and regular use: To qualify for the home office deduction, Juan must use a specific…
Q: Bill Darby started Darby Company on January 1, Year 1. The company experienced the following events…
A: Interest Expense : Interest is a type of cost which is paid by an organisation or an individual for…
Q: The funded status of Patel Paneling Incorporated's defined benefit pension plan and the balances in…
A: 1. Actual return $216 thousand2.Loss on plan assets $24 thousand3.…
Q: Required information [The following information applies to the questions displayed below.] Julie…
A: The adjusted gross income of an individual is their gross income less a few particular deductions.…
Q: p
A: Defined Benefit Obligation:Increases: Current service cost, past service costs, increase in employee…
Q: AirQual Test Corporation provides on-site air quality testing services. The company provided the…
A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…
Q: Which of the following is the purpose of relative performance evaluation (RPE)? Multiple Choice…
A: The objective of this question is to understand the purpose of Relative Performance Evaluation (RPE)…
Q: Check m Salmone Company reported the following purchases and sales of its only product. Salmone uses…
A: The inventory valuation methods like first in first out weighted average and LIFO etc are used. Each…
Q: Lopez Company reported the following current-year data for its only product. The company uses a…
A: (a) Cost assigned to ending inventory: $3,188To determine this, we need to first calculate the…
Q: Question 3 of 19 P Moen LLC uses the perpetual FIFO inventory method and has the following…
A: Perpetual Inventory System is a method of costing the ending inventory and the inventory sold. Under…
Q: Wexpro, Incorporated, produces several products from processing 1 ton of clypton, a rare mineral.…
A: Incremental Analysis :— This analysis shows the comparison between two different alternatives. A…
Q: The table shows the commercial banks' balance sheet (aggregated over all the banks). The commercial…
A: Solution:-The analysis involves examining the balance sheet of commercial banks to determine the…
Q: [The following information applies to the questions displayed below.] Clopack Company manufactures…
A: Inventory Valuation :For calculating the cost of goods completed and transferred to finished goods…
Q: None
A: A gain or loss is recognized as the difference between the proceeds and the carrying amount. The…
Q: How to get 438? It is highlighted with a red pen, and I personally think that relevant information…
A: The objective of the question is to understand how the value of 438 for the 'Purchase of non-current…
Q: None
A: The direct materials purchase budget is prepared to estimate the number of raw materials required to…
Q: From inception of operations to December 31, 2025, Swifty Corporation provided for uncollectible…
A: Allowance for doubtful accounts is a contra assets account. It is shown as a deductible amount under…
Q: Hannibal Steel Company's Transport Services Department provides trucks to haul ore from the…
A: The variable costs are the costs that change directly with the level of activity. The variable cost…
Q: At the beginning of Year 1 Ms. Mushroom, an individual, purchased a 20 percent interest in Fungi…
A: A partnership is a contract between two or more persons to form a business and share profits and…
Q: Myers Corporation has the following data related to direct materials costs for November: actual cost…
A: The direct materials price variance is $3,000 (favorable) Explanation:To calculate the direct…
Q: I need help with a and b
A: Answer a: 1. Issued 400,000 shares of common stock:Debit Cash: $12,400,000Debit Underwriter's fee…
Q: Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations,…
A: Material price variance It is the difference between the budgeted material costs and how much that…
Q: help please answer this with compulsory explanation , computation , narration for each parts and…
A: Production cost report is a report related to cost incurred by a manufacturing process during a…
Q: Raleigh Department Store uses the conventional retail method for the year ended December 31, 2022.…
A: Inventory refers to the stock that is available to the firm for the purpose of manufacturing,…
Q: Exercise 11-27 (Algo) Product-Line Profitability Analysis [LO 11-5] Barbour Corporation, located in…
A: Variable costsVariable costs are costs that vary with the change in the level of output.Fixed…
Q: Required information [The following information applies to the questions displayed below.] A recent…
A: Depreciation :Assets are depreciated according to the nature of plant property and equipment, The…
Q: 1. Using the indirect method, calculate the estimated net cash provided by operating activities for…
A: Net cash provided by operating activities = $ 74,040Explanation:The estimated net cash provided by…
Q: Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold…
A: Revenue and spending variances are terms commonly used in budgeting and financial analysis to…
Q: The Variable Speed Company manufactures a line of high quality tools. The company sold 1,000,000…
A: The objective of the question is to calculate the estimated sales revenues for the Variable Speed…
Q: year. The company produced 5,800 rackets and sold 4,700. Each racket was sold at a price of $88.…
A: The product cost refers to the cost incurred by the factory for the production of goods and hence…
Q: S
A: Cuurent Ratio:One liquidity measurement used to assess a company's capacity to pay short-term debts…
Q: efences According to its original plan, Franklin Consulting Services Company plans to charge its…
A: FLEXIBLE BUDGETA flexible budget is a budget that is prepared for different levels of activity or…
Q: Exercise 9-32 (Algo) Unitwide versus Department Allocation-Decision Making (LO 9-1, 2, 3) The…
A: Cost allocation is the process of distributing expenses among different cost objects, such as…
Q: Current Attempt in Progress Prepare the necessary journal entries to record the following…
A: Eustace company uses perpetual inventory system in which inventory is to be maintained…
Q: Cupola Awning Corporation introduced a new line of commercial awnings in 2024 that carry a two-year…
A: Answer 1:Because Cupola Awning Corporation's warranty obligations may result in a potential loss,…
Q: None
A: Zero coupon bonds means those bonds which were issued for money or any assets but for which no…
Q: Elentrot Corporation has two production departments, Machining and Customizing. The company uses a…
A: For calculating the total manufacturing overhead we use the following formula,Estimated total…
Q: ! Required information [The following information applies to the questions displayed below.] Faucet…
A: The journal entries are prepared to record the transactions on a regular basis. The book value of…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- 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 1.9 oz. $ 0.20 per oz. 17 gal. $ 0.04 per gal. Standard Standard Rate Unit Cost $ 0.38 0.68 11.50 Shampoo Water Direct labor 1.15 hr. $10.00 per hr. During the month of July, Collin's employees gave 370 baths. The actual results were 735 ounces of shampoo used (cost of $205.80), 6,700 gallons of water used (cost of $536), and labor costs for 310 hours (cost of $3,658). 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. int Complete this question by entering your answers in the tabs below. etences Required 1 Required 2 Calcuiate 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…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: Shampoo Water Standard Quantity 2.3 oz. 21 gal. Direct labor 1.35 hr. Standard Rate $ 0.60 per oz. $ 0.05 per gal. $11.00 per hr. Standard Unit Cost $ 1.38 1.05 14.85 During the month of July, Collin's employees gave 410 baths. The actual results were 755 ounces of shampoo used (cost of $520.95), 7,100 gallons of water used (cost of $639), and labor costs for 350 hours (cost of $4,375). 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 Answer is complete but not entirely correct. 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…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, Collin’s 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. 2. Calculate Suds & Cuts direct labor variances for the month of July.
- 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: Shampoo Water Direct labor Standard Unit 3 Standard Quantity ounces Standard Rate Cost $0.60 per ounces $1.80 28 gallons 1.7 hour $0.07 $12.00 per gallons per hour 1.96 20.40 During the month of July, Collin's employees gave 480 baths. The actual results were 790 ounces of shampoo used (cost of $560.90), 7,800 gallons of water used (cost of $624), and labor costs for 420 hours (cost of $5,544). 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. W Required 1 Required 2 Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July. Note: Round your intermediate calculations and final answers to 2 decimal places.…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 2.5 oz. 23 gal. $ 0.04 per gal. Standard Standard Rate Unit Cost $ 0.10 per oz. Shampoo Water Direct labor 1.45 hr. $ 0.25 0.92 15.95 $11.00 per hr. During the month of July, Collin's employees gave 430 baths. The actual results were 765 ounces of shampoo used (cost of $153.00). 7,300 gallons of water used (cost of $584), and labor costs for 370 hours (cost of $4,551). 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…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: Shampoo Water Direct labor Standard Quantity 2.9 ounces 27 1.65 gallons hour Standard Rate $0.50 Standard Unit Cost per ounces $0.04 per gallons $12.00 per hour $1.45 1.08 19.80 During the month of July, Collin's employees gave 470 baths. The actual results were 785 ounces of shampoo used (cost of $471.00), 7,700 gallons of water used (cost of $616), and labor costs for 410 hours (cost of $5,371). 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 labor variances for the month of July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no…
- 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: Shampoo Water Direct labor Standard Quantity 2.9 27 1.65 ounces gallons hour Standard Rate $0.50 Standard Unit Cost per ounces $1.45 1.08 19.80 $0.04 per gallons $12.00 per hour During the month of July, Collin's employees gave 470 baths. The actual results were 785 ounces of shampoo used (cost of $471.00), 7,700 gallons of water used (cost of $616), and labor costs for 410 hours (cost of $5,371). 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. > Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Suds & Cuts, direct labor variances for the month of July. Note: Indicate the effect of each variance by selecting "F" for…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: Shampoo Water Direct labor Standard Quantity 2.5 23 1.45 ounces gallons hour Standard Rate $0.10 per ounces $0.04 per gallons $11.00 per hour During the month of July, Collin's employees gave 430 baths. The actual results were 765 ounces of shampoo used (cost of $153.00), 7,300 gallons of water used (cost of $584), and labor costs for 370 hours (cost of $4,551). Required 1 Required 2 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. Direct Material Price Variance Direct Material Quantity Variance Standard Unit Cost $0.25 0.92 15.95 Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July. Note: Round your…857 es 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: Shampoo Water Direct labor Standard Quantity ounces gallons hour 2 18 1.2 Required 1 Required 2 Standard Rate $0.30 per ounces $0.05 per gallons $11.00 per hour During the month of July, Collin's employees gave 380 baths. The actual results were 740 ounces of shampoo used (cost of $259.00). 6,800 gallons of water used (cost of $544), and labor costs for 320 hours (cost of $3,840). Standard Unit Cost 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. Direct Material Price Variance Direct Material Quantity Variance $0.60 0.90 13.20 Calculate Suds & Cuts, direct materials variances for both shampoo and water for the month of July. Note: Round…
- 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 490 baths. The actual results were 795 ounces of shampoo used (cost of $643.95), 7,900 gallons of water used (cost of $632), and labor costs for 430 hours (cost of $5,719). standard quantity standard rate standard unit cost shampoo 3.1 oz. $0.70 per oz $2.17 water 29 gal. $0.07 per gal 2.03 Direct labor 1.75 hr $12.00 per hr 21.00 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.E-Flix rents DVDS that are mailed out to customers upon demand. E-Flix has identified three activities involved in getting the videos to its customers. Information on those activities for the month of July follows: Estimated Overhead Expected Use of Cost Pools Cost Drivers Cost Cost Drivers $20,592 187,200 orders Order taking costs Number of orders 11,700 234,000 minutes Technology support Number of minutes Picking and shipping Number of 330,200 DVDs 39,624 DVDS costs During July, the Tucker family placed 17 orders consisting of 21 DVDS. Tucker required 7 minutes of tech support. Customers pay $9.00 per month to rent unlimited DVDS. Using ABC, how much overhead is applied to the Tucker family account for technology support? O $0.05 O$1.87 O$0.35 Some other answer 2:33 P ) 10/13/20 EtVia Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Revenue Raw materials Mages Utilities Rent Insurance Miscellaneous $ 1.35 While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. For example, wages should be $6,600 plus $2.40 per liter of gelato sold and the actual wages for June were $21,000. Via Gelato expected to sell 6,000 liters in June, but actually sold 6,200 liters. Revenue Expenses Fixed Variable Element Element per Month per Liter $ 22.00 $5.65 $2.40 $ 1.20 Required: Calculate Via Gelato revenue and spending variances for June. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Via Gelato Revenue and Spending Variances For the Month Ended June 30 Raw materials $ 6,600 $ 2,630 $ 3,600 $…