Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i will thumbs up for the work, and i would greatly appreciate correct answers. Be sure to do requirements 1 and 2. thanks again! Crystal

i will thumbs up for the work, and i would greatly appreciate correct answers. Be sure to do requirements 1 and 2. thanks again! image text in transcribed
image text in transcribed
image text in transcribed
Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet Each charm is adomed with two crystals of various colors. Standard costs follow: During the month of January. Crystal Charm made 1,610 charms. The company used 458 ounces of silver (total cost of $12,824) and 11,320 crystals (total cost of $3,169.60 ), and paid for 3,370 actual direct labor hours (cost of $55.605.00 ). 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. Complete this question by entering your answers in the tabs below. Calculate Crystal Charm's direct materials variances for silver and crystals for the month of January. Note: Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by? selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Calculate Crystal Charm's direct labor variances for the month of January. Note: Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Oil And Gas Accounting

Authors: Charlotte Wright

6th Edition

9781593703639

More Books

Students also viewed these Accounting questions

Question

What is happening in this situation? What are the consequences?

Answered: 1 week ago

Question

Who holds the power in recruitment and selection?

Answered: 1 week ago

Question

Explain the effectiveness of various selection methods

Answered: 1 week ago

Question

Explain the nature of attraction in recruitment

Answered: 1 week ago