I need help with this question. Thanks! Crystal Charm Company makes handcrafted silver chams...
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Crystal Charm Company makes handcrafted silver chams that attach to jewelry such as a necklace or bracelet. Each cham is adomed with two crystals of various colors. Standard costs follow Standard Quansty Standard (Rate) Unit 0.55 oz $23.00 per oz 3.00 040 per crystal 2.00 hrs $13.00 per hr. Standard Silver S 12.65 Crystals Direct labor 120 26.00 During tho month of January, Crystal Charm mado 1,860 charms. The company used 873 ounces of silvar (lotal cost af $20,952) and 5,030 crystals (total cost of $1,911.40), and paid for 3,470 actual diroct labor hours (cost of $43,375.0o) Required: 1. Calculate Crystal Charm's direct materials 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 "F fo favorable, "U" for unfavorable.) Silver ystals Direct Material Price Varianco Direct Material Quantity Variance alculate r s a arm's drect abor anances or te month o January Round your intermediate calculations and fina answers to 2 decima plec s. na cate he e ect of each vanance o selecting for vorable torun vorable. Direct Labor Rate Variance Direct Labor Efficiency Variance
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