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) 0.60 oz. $24.00 per oz. 4.00 $0.45 crystal 1.50 hrs. $14.00 per hr. Standard Unit Cost $14.40 1. Bp 21.00 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 $2,60150), 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. Required 1 Required 2