Saved Help Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is ador with two crystals of various colors. Standard costs follow: Silver Crystals Direct labor Standard Standard Price Quantity (Rate) 0.50 oz. $28.00 per oz. 3.00 $ 0.35 crystal 1.50 hrs. $17.ee per hr. Standard Unit Cost $14.00 1.05 25.50 During the month of January, Crystal Charm made 1,580 charms. The company used 755 ounces of silver (total cost of $21.895) and 4,790 crystals (total cost of $1,580.70), and paid for 2,520 actual direct labor hours (cost of $41,580.00). 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Crystal Charm's direct materials variances for silver and crystals for the month of January. (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 (1.e., zero variance).) Crystals Silver None Direct Material Price Variance Direct Material Quantity Variance Required 2 > Silver Crystals Direct labor Quantity (Rate) 0.50 oz. $28.00 per oz. 3.00 $ 0.35 crystal 1.50 hrs. $17.00 per hr. Standa Unit CC $14.00 1.05 25.50 During the month of January, Crystal Charm made 1,580 4,790 crystals (total cost of $1,580.70), and paid for 2,520 Required: 1. Calculate Crystal Charm's direct materials variances for s 2. Calculate Crystal Charm's direct labor variances for the Complete this question by entering your answers in th Required 1 Required 2 Calculate Crystal Charm's direct labor variances for the month answers to 2 decimal places. Indicate the effect of each varianc "None" for no effect (1.e., zero variance).) Direct Labor Rate Variance Direct Labor Efficiency Variance