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Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adornes with two crystals of

image text in transcribed Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adornes with two crystals of various colors. Standard costs follow: During the month of January, Crystal Charm made 1,570 charms. The company used 907 ounces of silver (total cost of $25,396 ) and 3,190 crystals (total cost of $893.20 ), and paid for 3,290 actual direct labor hours (cost of $50,995.00 ). 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

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