43:28 Problem 9-21 (Algo) Multiple Products, Materials, and Processes [LO9-4, LO9-5] Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each o the products uses two raw materials-X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Standard Labor Time Finishing Raw Material bok Product Alpha6 Zeta? X442 2.0 kilos 4.0 kilos Y661 3.4 liters Sintering 0.20 hours 0.80 hours 5.0 liters 0.25 hours 0.90 hours int ences Information relating to materials purchased and materials used in production during May follows: Purchase Cost Material X442 7661 Purchases 15,900 kilos $ 55,650 Standard Price $3.30 per kilo 16,900 liters $ 23,660 $1.50 per liter Used in Production 10,400 kilos 15,800 litere The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $22.00 per hour in Sintering and $20.50 per hour in Finishing. c. During May, 1,300 direct labor-hours were worked in Sintering at a total labor cost of $31,720, and 3,040 direct labor-hours were worked in Finishing at a total labor cost of $68,400. d. Production during May was 2,500 Alpha6s and 1,400 Zeta7s. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor 2. Compute the materials price and quantity variances for each material, 3. Compute the labor rate and efficiency variances for each operation