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Crystal Charm Company makes handcrafted silver charms that attach to jeweler such as a necklace or bracelet. Each charm is adorned with two crystals of
Crystal Charm Company makes handcrafted silver charms that attach to jeweler such as a necklace or bracelet. Each charm is adorned with two crystals of various colors. Standard costs follow. During the month of January, Crystal Charm made, 1610 charms. The company used 458 ounces of silver (total cost of $14, 198) and 8, 100 crystals (total cost of $3, 483.00), and paid for 2, 585 actual direct labor hours (cost of $47, 452.50) Required Calculate Crystal Charm's direct materials variance for silver and crystals for the month of January. Calculate Crystal Charm's direct labor variances for the month of January
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