Confused on Product Variations

I think it’s possible to do that.

Can you share your website URL so that I can look at your website URL in a practical basis and try to solve this for you?

Sure, here is the website
https://www.elleandreese.com/

Simple product works great
https://www.elleandreese.com/accessories/crescent-horn-necklace/
Here is variation
https://www.elleandreese.com/accessories/alba-crossbody/

Let me know if you need anything else

We did not had this support, I have created a request for this: https://github.com/ahmedkaludi/schema-and-structured-data-for-wp/issues/401

We will add this compatibility soon.