Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace...
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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: Standard Quantity Standard (Rate) Standard Unit Cost Silver 0.30 oz. $ 21.00 per oz. $ 6.30 Crystals 3.00 $ 0.30 per crystal 0.90 Direct labor 2.00 hrs. $ 10.00 per hr. 20.00 During the month of January, Crystal Charm made 1,510 charms. The company used 428 ounces of silver (total cost of $9,416) and 4,580 crystals (total cost of $1,282.40), and paid for 3,270 actual direct labor hours (cost of $31,065.00). Required:
Direct Material Price Variance Direct Material Quantity Variance for silver and crystal
Direct Labor Rate Variance Direct Labor Efficiency Variance for the month of january
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