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 Quantity 0.60 ounce 4.00 1.50 hours Required 1 Required 2 Standard Price (Rate) $24.00 per ounce $ 0.45 crystal $ 14.00 per hours. During the month of January, Crystal Charm made 1,500 charms. The company used 860 ounces of silver (total cost of $21,500) and 6,050 crystals (total cost of $2,601.50), and paid for 2,400 actual direct labor hours (cost of $32,400.00). Complete this question by entering your answers in the tabs below. 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. Direct Material Price Variance Direct Material Quantity Variance Silver Calculate Crystal Charm's direct materials variances for silver and crystals for the month of January. Note: 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, and "None" for no effect (i.e., zero variance). Standard Unit Cost

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: During the month of January, Crystal Charm made 1,500 charms. The company used 860 ounces of silver (total cost of \\( \\$ 21,500) \\) and 6.050 crystals (total cost of \\( \\$ 2.601 .50 \\) ), and paid for 2.400 actual direct labor hours (cost of \\( \\$ 32,400.00 \\) ). 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. Calculate Cystal Charm's direct materials variances for silver and crystais for the month of January. Note: Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting \"F\" for favorable, \"U\" for anfavorable, and \"None\" for no effect (l.e, zero variance), Crystal Charm Company makes handcrafted silver charms that attach to jowelry such as a necklace or bracelet, Each charm is adomed with two crystais of various colors. Standard costs follow: During the month of January, Crystal Charm made 1,500 charms. The company used 860 ounces of silver (total cost of \\( \\$ 21,500 \\) ) and 6.050 crystals (total cost of \\( \\$ 2.601 .50 \\) ) and paid for 2,400 actual direct lobor hours (cost of \\( \\$ 32,400.00 \\) ). 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. Calculate Crystat Charm's direct materials variances for silver and crystals for the month of January. Note: found your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by seiecting \"F\" for tavorable, \"U\" for unfavorable, and \"None\" for no effect (i.e., zero variance)