value: 2.15 points Crystal Charm Company makes handcrafted 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 Standar Quantity 0.40 oz. $20.00 per oz. 7.00 0.25 per crystal 1.50 hrs. $10.00 per hr. Standard Unit Cost Standard (Rate) S 8.00 Silver Crystals Direct labor 1.75 15.00 During the month of January, Crystal Charm made 1,630 charms. The company used 617 ounces of silver (total cost of $12,957) and 11,460 crystals (total cost of $2,635.80), and paid for 2,595 actual direct labor hours (cost of $24,652.50) Required 1. 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.) Silver Crystals Direct Material Price Variance Direct Material Quantity Variance