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 Price (Rate) $29.00 per oz. $ 0.40 crystal Standard Quantity Silver Crystals 0.25 oz. 4.00 Direct labor 2.00 hrs. $18.00 per hr. Standard Unit Cost $7.25 1.60 36.00 During the month of January, Crystal Charm made 1,600 charms. The company used 375 ounces of silver (total cost of $11,250) and 6,450 crystals (total cost of $2,451.00), and paid for 3,350 actual direct labor hours (cost of $58,625.00). 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.