E9-6 (Algo) Colculating Direct Materials and Direct Labor Variances [LO 9-3, 9-4] Crystal Charm Company makes handcratted silver charms that attach to jeweiry such as a necklace or bracelet Each charm is adorned wht two ciystals of various colors, Standard costs follow: During the month of January, Crystal Charm made 1,640 charms. The company used 703 ounces of silver (total cost of $15, 466 ) and 13,170 crystals (total cost of $3,687.60 ), and paid for 3,530 actual direct labor hours (cost of $37.06500) ) Required: 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 varlances for silver and aystals for the month of Jamaary. Caiculate Crystal Charn's direct materiais varunces for silver and aystals for the month of jafmary. Notel Round your intermedate calculations and final answers to 2 decimal places. Indicale the effect of each variance by Required: 1. Calculate Crystal Charm's direct materials variances for siver and crystals for the month of January. 2. Caiculate Crystal Charm's direct labor variances for the month of January. Complete this question by entering your answers in the tabs below. Caiculate Crystal Charm's direct labor variances for the month of January. Note: Round your intermediate 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)