E$9-6($Algo$)$ Calculating Direct Materials and Direct Labor Variances $[$LO $9-3,9-4]$

Crystal Charm Company makes handcrafted silver charms that attach to jewelhy such as a necklace or bracelet. Each charm Is adorned with two crystals of varlous colors. Standard costs follow:

$\backslash$table$[[,$Standard,Standard price,Standard$],[,$Quantity,$($Rate$),$Unit cost$],[$Silver$,0\mathrm{.}40$ oz$.,$$$23\mathrm{.}00$ per oz$.,$$$9\mathrm{.}20$