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 Standard Price Standard Quantity rate) Unit Coat Silver 0.25 $20.00 per or $5.00 Crystals 2 5 0.25 per crystal 8.50 Direct labor 1.5 hrs. 515.00 per hr 22.50 During the month of January, Crystal Charm made 1800 charms. The company used 420 ounces of silver (total cost of $9,240) and 3,650 crystals (total cost of $803), and paid for 2,880 actual direct labor hours (cost of $42,480), Required: 1. Calculate Crystal Charm's direct materiais variances for silver and crystals for the month of January 2. Calculate Crystal Charm's direct labor variances for the month of January Complete this question by entering your answers in the tabs below. Mequired 1 Required 2 Calculate Crystal Charm's direct materiais variances for silver and crystals for the month of January (Do not round intermediate calculation. Round your Crystal answers to 2 decimal places. Indicate the effect of each variance by selecting "" for favorable," for unfavorable, and "None' for no effect rovarianca) Silver Crystals Died Material Price Variance De Material Quantity Variance Required 2 > 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 Silver Crystals Direct labor Standard Standard Price Quantity (Rate) 0.25 oz. $20.00 per or. 2 $ 0.25 per crystal 1.5 hrs. $15.00 per hr. Standard Unit Cost $5.00 3.50 22.50 During the month of January, Crystal Charm made 1.800 charms. The company used 420 ounces of silver (total cost of $9,240) and 3,650 crystals (total cost of $803), and paid for 2,880 actual direct labor hours (cost of $42,480) Required: 1. Calculate Crystal Charm's direct materials variances for silver and crystals for the month of January 2 Calculate Crystal Charm's direct labor variances for the month of January Complete this question by entering your answers in the tabs below. Required 1 Requires Calculate Crystal Charm's direct labor variances for the month of January. (Do not round lotermediate calculation. Indicate the effect of each vatance by selecting *F* for favorable, "U* for unfavorable, and "None" for no effect (cu zero variance) Direct Labor Rate Variance Direct Labor Efficiency Variance