E9-6 (Algo) Calculating Direct Materials and Direct Labor Variances [LO 9-3, 9-4] 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: During the month of January, Crystal Charm made 1,600 charms. The company used 375 ounces of silver (total cost of $10.125 ) and 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. Colcuiate 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 materials variances for sliver and crystals for the month of January. (Round your intermedate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting "f" for favorable, "U" for. unfavorable, and "None" for no effect (i.e, zero variance).)