Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adored with two crystals of various colors. Standard costs follow Standard Unit Cost Silver Standard Quantity Standard (Rate) 0.35 Oz $31.00 per oz 6.00 $0.50 per crystal 2.00 hrs. $20.00 perhe Crystals Director 3.00 40.00 During the month of January, Crystal Charm made 1.620 charms. The company used 542 ounces of silver (total cost of $17.344) and 9,770 crystals total cost of $4,689.60), and paid for 3,390 actual direct labor hours (cost of $66,105.00). Required: 1. Calculate Crystal Charm's direct materiais variances for siver and crystals for the month of January (Round your intermediate calculations and final answers to 2 decimal places indicate the effect of each variance by selecting for favorable, Ufor unfavorable) Direct Material Price Variance Direct Materal Quantity Variance Wat PRO 2. Calculate Crystal Charm's direct labor variances for the month of January (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.) Direct Labor Rat Variance Direct Labor Efficiency Variance References eBook & Resources Worksheet Learning Objective 09-03 Cace and terpret the direct materias price and