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please answer all Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adorned with
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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 Silver Crystals Direct labor Standard Standard Price Quantity (Rate) 0.55 oz $23.00 per or 3.00 $ 0.40 crystal 2.00 hrs. $13.00 per he. Standard Unit Cost $12.65 1.20 26.00 During the month of January, Crystal Charm made 1660 charms. The company used 873 ounces of silver (total cost of $20,952) and 5,030 crystals (total cost of $191140). and paid for 3.470 actual direct labor hours (cost of $43.375,00), 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. Hequired Required 2 Calculate Crystal Charm's direct materiais variances for silver and crystals for the month of January, (Round your intermediate Calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting for favorable, "U" for untavorable, and "None for no effect ( ero variance).) Silver Crystals Direct Material Price Variance Direct Material Getty Varance Required 2 > 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: Silver Crystals Direct labor Standard Standard Price Quantity (Rate) 0.55 02 $23.00 per oz. 3.00 $ 0.40 crystal 2.00 hes. $13.00 per hr Standard Unit Cost $12.65 1.20 26.00 During the month of January, Crystal Charm made 1,660 charms. The company used 873 ounces of silver (total cost of $20,952) and 5.030 crystals (total cost of $1911.40). and paid for 3,470 actual direct labor hours (cost of $43,375.00). Required: 1. Calculate Crystal Charm's direct materials variances for silver and crystals for the month of January 2. Calculate Ciystal Charm's direct labor variances for the month of January Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Crystal Charm's direct labor variances for the month of January (Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting for fovorable, "U" for unfavorable, and "None for no effect (ie, zero variance)) Duect Labor Rate Variance Director Ency Varance Step by Step Solution
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