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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

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 0.45 ounce $ 24.00 per ounce $ 10.80
Crystals 6.00 $ 0.45 crystal 2.70
Direct labor 1.50 hours $ 13.00 per hours 19.50
During the month of January, Crystal Charm made 1,540 charms. The company used 663 ounces of silver (total cost of $16,575) and 9,290 crystals (total cost of $3,994.70), and paid for 2,460 actual direct labor hours (cost of $30,750.00).
Required:
Calculate Crystal Charms direct materials variances for silver and crystals for the month of January.
Calculate Crystal Charms direct labor variances for the month of January.

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