E9-6 (Algo) Calculating Direct Materials and Direct Labor Variances [LO 9-3, 9-4] Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a neciklace or bracelet. Each charm is adorned with two crystals of various colors Standard costs follow: During the month of January. Crystal Chatm made 1.660 charms. The compary ased B73 ounces of siver (total cost of $20.952 ) and 5.030 crystals (total cost of $1,911,40 ), and paid for 3,470 actual direct labor hours (cost of 343 ) 375 . 00) Required: 1. Caicuiate Crystal Charmis direct materials variances for sllvet and crystals fot the month of lanuary 2. Caiculate Crystal Charms direct labor variances for the month of Jaruary. Complete this quection by entering your answers in the tabs hedow. Cololste Cyval Oharmis diect materils varances for silver and cymain for the month of jenuace E9.6 (Algo) Calculating Direct Materials and Direct Labor Variances [LO 9-3,9-4] Crystal Charm Company makes handcrafted siver charms that attach to jeweiry such as a necklace or bracelet. Each charm is adorned with two crystals of various colors. Standard costs follow: During the month of January. Crystal Charm made 1.660 charms. The company used 873 ounces of silver (total cost of $20.952) and 5.030 crystals (total cost of $1.911.40 ), and paid for 3.470 actual direct labor hours (cost of $43,375.00 ). Requlred: 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. Complete this question by entering your answers in the tabs below. Calculate Crystal Charm's direct labor variances for the month of January. Noter found your intermediate calculations and final answers to 2 decmal places, Indicate the effect of each variance by selecting "F" for fovorable, "U' for unfovorable, and "None" for no effect (Le, zero variance)