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

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Crystal Charm Company makes handerafted 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 Standard Standard Price Quantity (Rate) Silver 0.30 oz. $21.00 per olt. Crystals 3.00 $ 0.30 crystal Direct labor 2.00 hrs. $10.00 per hr. Standard Unit Cont $ 6.30 0.90 20.00 During the month of January, Crystal Charm made 1510 charms. The company used 428 ounces of silver (total cost of $9.416) and 4,580 crystals (total cost of $1,282 40), and paid for 3,270 actual direct lobor hours (cost of $31065.00). Required: 1. Calculate Crystal Charm's direct materials variances for silver and crystals for the month of January Calculate Crystal Charm's direct labor variances for the month of January

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