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 m .! Standard Standard Standard Price Ouantity (Rate) 0.55 0. 26.00 per Crystals 9.00 $ 0.25 crystal Direct labor 1.50 hr. 515.00 per hr. 14.30 2.00 22.50 During the month of January, Crystal Cham made 1560 charms. The company used 823 ounces of silver total cost of $22.221) and 12.530 crystals total cost of $2.88190L and paid for 2.490 actual direct labor hours cost of $36105OOL Required: 1. Calculate Crystal Charm's direct materiais 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 Recured2 Calculate Crystal Charm's direct materiais variances for silver and crystals for the month of January (ound your intermediate calculations and final answers to 2 decimal places indicate the effect of each varande by secting favorable. "U" for unfavorable, and one for no effectue r variance).) for Crystal Direct M r PriceVariance Direct Material Quantity Variance Complete this question by entering your answers in the tabs below. Required 1 Required 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 for favorable for favorable, and "None for no effect (e., zero variance)) Direct Labor Rade Variance Direct Labor Efficiency Variance