Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adornes with two crystals of
Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adornes with two crystals of various colors. Standard costs follow: During the month of January, Crystal Charm made 1,570 charms. The company used 907 ounces of silver (total cost of $25,396 ) and 3,190 crystals (total cost of $893.20 ), and paid for 3,290 actual direct labor hours (cost of $50,995.00 ). 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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started