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5 Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials

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Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of 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): Information relating to materials purchased and materials used in production duting May follows: The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $23.00 per hour in Sintering and $20.00 per hour in Finishing. c. During May, 1,300 direct labor-hours were worked in Sintering at a total labor cost of $30,550, and 2.950 direct labor-hours were worked in Finishing at a total labor cost of $64,900. d. Production during May was 1,600 Alpha6s and 1,300 Zeta7s. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materiats and direct labor. 2. Compute the materials price and quantity varlances for each material. 3. Compute the labor rate and efficlency variances for each operation. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. (Round youf answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Compute the materials price and quantity variances for each material. (indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e, zero variance). Input all amounts as positive values.) Complete this question by entering your answers in the tabs below. Compute the labor rate and efficlency variances for each operation. (Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance). Input all amounts as positive values.)

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