Crystal Charm Company makes handcrafted siliver charms that attach to jewelry such as a necklace or bracelet Each charm is adorned with two crystails of various colors Standard costs follow Silver Crystals Direct labor Quantity Standard (Rate)Unit 0.50 oz. $28.00 per oz 3.00 $ 0.35 per crystal 1.50 hrs. $17.00 per hr $ 14.00 1.05 25.50 During the month of January, Crystal Charm made 1,580 charms. The 2,520 actual direct labor hours (cost of $41,580.00) company used 755 ounces of silver (total cost of $21 ,895) and 4,790 crystails (total cost of $1,580.70), and paid for 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 Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Direct Material Price Variance Direct Material Quantity Variance