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 Price (Rate) Standard Unit Cost

Silver 0.30 ounce $ 30.00 per ounce $ 9.00

Crystals 5.00 $ 0.45 crystal 2.25

Direct labor 1.50 hours $ 19.00 per hours 28.50 During the month of January, Crystal Charm made 1,610 charms. The company used 458 ounces of silver (total cost of $14,198) and 8,100 crystals (total cost of $3,483.00), and paid for 2,565 actual direct labor hours (cost of $47,452.50).

Required:

1. Calculate Crystal Charms direct materials variances for silver and crystals for the month of January.

2. Calculate Crystal Charms direct labor variances for the month of January.