Chapter 9 hw XC Chegg Study | Guided Solut+ Crystal Cham Company makes handcraft
ID: 2530462 • Letter: C
Question
Chapter 9 hw XC Chegg Study | Guided Solut+ Crystal Cham Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adorned with two crystals of varlous colors Standard costs follow: Standad Qusntity Standard (Rate) 0.45 oz. $21.00 per oz a xi 2.00 hrs. $11.00 per hr Standard Unit Cost S 9.45 2 410 22.00 Silver D30 per crystal Crystas Direct labor During the month of January, Crystal Charm made 1,640 charms. The company used 703 ounces of siliver (total cost of $15,466) and 13,170 crystals (total cost of $3,687.60), and paid for 3,530 actual direct labor hours (cost of $37,065.00). Required: 1. Calculate Crystal Cham's clrect materlals varlances for sllver and crystals for the month of January. (Round your Intermediate calculations and tinal answers to 2 declmal places. Indlcate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Silver Crystals Direul Malerial Prie Variance Direul Malerial Quanlity Variar 2. Calculate Crystal Cham's cirect labor variances for the month of January. Round your intermediate calculations and final answers to 2 decimal places.lndicate the effect of each variance by selecting"F" for favorable, "U" for unfavorable.) Direct Labor Rate Variance Direct Labor Efficiericy Variance 646 PM O Type here to search 4/24/2018Explanation / Answer
Direct materials price variances: Silver 703 U =15466-(703*21) Crystals 263.4 F =3687.6-(13170*0.3) Direct materials quantity variances: Silver 735 F =21*(703-1640*0.45) Crystals 15 U =0.3*(13170-1640*8) Direct labor rate variance 1765 F =37065-(3530*11) Direct labor efficiency variance 2750 U =11*(3530-1640*2)