E$9-6($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 necklace or bracelet. Each charm is adorned with two crystals of various colors. Standard costs follow:

$\backslash$table$[[,,,$Standard Unit$],[$Silver$,$Standard Quantity,Standard Price $($Rate$),$Cost$],[$Crystals$,0\mathrm{.}65$ ounce,$$25\mathrm{.}00$ per ounce,$$16\mathrm{.}25$