E9.6 (Algo) Calculating Dirct Materials and Direct Labor Variances [LO 9-3, 9.4] Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is ado with two crystals of various colors. Standard costs follow: During the month of January, Crystal Charm made 1,600 charms. The company used 375 ounces of silver (total cost of $10125 ) an 9,650 erystals (total cost of $2.219.50 ), and paid for 2,550 actual direct labor hours (cost of $39,525,00 ) 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