Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adored with two crystals of various colors. Standard costs follow: Silver Crystals Direct labor Standard Quantity Standard (Rate) 0.50 oz. $28.00 per oz. 3.00 S 0.35 per crystal 1.50 hrs. $17.00 per hr. Standard Unit Cost $ 14.00 1.05 25.50 During the month of January, Crystal Charm made 1,580 charms. The company used 755 ounces of silver (total cost of $21,895) and 4,790 crystals (total cost of $1,580.70), and paid for 2,520 actual direct labor hours (cost of $41.580.00). 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" for favorable, "U" for unfavorable.) Silver 755.00 U Crystals (958.00) F $ $ Direct Material Price Variance Direct Material Quantity Variance 2. Calculate Crystal Charm's direct labor variances 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" for favorable, "U" for unfavorable.) Direct Labor Rate Variance Direct Labor Efficiency Variance