Business, 14.04.2020 23:33 markmeinberg

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 0.60 oz. $ 24.00 per oz. $ 14.40
Crystals 4.00 $ 0.45 per crystal 1.80
Direct labor 1.50 hrs. $ 14.00 per hr. 21.00
During the month of January, Crystal Charm made 1,500 charms. The company used 350 ounces of silver (total cost of $7,350) and 3.050 crystals (total cost of $701.50) and paid for 2,400 actual direct labor hours (cost of $34,800.00).Required:1. Calculate Crystal Charm's direct materials price and quantity variances for silver and crystals for the month of January. Indicate whether each variance is favorable or unfavorable.2. Calculate Crystal Charm's direct labor rate and efficiency variances for the month of January. Indicate whether each is favorable or unfavorable.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 14:30

Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be

Answers: 3

Answer

Business, 22.06.2019 19:40

You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?

Answers: 3

Answer

Business, 22.06.2019 22:10

Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.

Answers: 1

Answer

Business, 23.06.2019 00:00

Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. the government gives each firm 20 pollution permits. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. what is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? a. $3,000; $1,500 b. $4,500; $3,500 c. $4,500; $4,000 d. $4,500; $2,500

Answers: 3

Answer

You know the right answer?

Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or b...

Questions