Crystal charm company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. each charm is adorned with two crystals of various colors. standard costs follow: standard quantity standard price (rate) standard unit cost silver 0.65 oz. $ 25.00 per oz. $ 16.25 crystals 5.00 $ 0.50 crystal 2.50 direct labor 2.00 hrs. $ 15.00 per hr. 30.00 during the month of january, crystal charm made 1,500 charms. the company used 935 ounces of silver (total cost of $24,310) and 7,550 crystals (total cost of $3,624.00), and paid for 3,150 actual direct labor hours (cost of $45,675.00).
required:
1. calculate crystal charm’s direct materials variances for silver and crystals for the month of january.
2. calculate crystal charm’s direct labor variances for the month of january.
Answers: 1
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Crystal charm company makes handcrafted silver charms that attach to jewelry such as a necklace or b...
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