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 1,580 charms. The company used 755 ounces of silver (total cost of $21,895) and 4,790 crystals (total cost of $1,580.70), and paid for 2,520 actual direct labor hours (cost of $41,580.00).

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.

	Standard Quantity	Standard Price	Standard Unit Cost
Silver	0.50 OZ	28.00 PER	14.00
Crystals	3.00	0.35	1.05
Direct Labor	1.50	17.00	25.50