E$9-6($Algo$)$ Calculating Direct Materials and Direct Labor Variances $[$L$09-3,9-4]$

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:

$\backslash$table$[[,,,$Standard Unit$],[,$Standard Quantity,Standard Price $($Rate$),$Cost$],[$Silver$,0\mathrm{.}25$ ounce,$$20\mathrm{.}00$ per ounce,$$5\mathrm{.}00$

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