52 Mickley Corporation produces two products, Alphabs 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) Raw Material Standard Labor Time Product X442 7661 Sintering Finishing Alpha 2.5 kilos 2.5 uiters 0.40 hours 1.20 hours Zeta 4.5 kilos 5.5 liters 0.48 hours 0.80 hours Information relating to materials purchased and materials used in production during May follows: Material X442 Y661 Purchase Standard Purchases Cost Price 15,400 kilos $46,200 $2.80 per kilo 16,480 liters $27,880 $1.88 per liter Used in Production 9,900 kilos 14.400 liters The following additional information is available: a. The company recognizes price variances when materials are purchased b. The standard labor rate is $21.00 per hour in Sintering and $20.00 per hour in Finishing c. During May, 1.350 direct labor-hours were worked in Sintering at a total labor cost of $33.210, and 2,990 direct labor-hours were worked in Finishing at a total labor cost of $65,780 d Production during May was 2,000 Alpha6s and 1.200 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 Complete this question by entering your answers in the tabs below. Reg! Reg 2 Reg 3 Complete the standard cost card for each product, showing the standard cost of direct mat answers to 2 decimal places) Standard Standard Standard Quantity or Hours Price or Rate Cost Anh each product, showing the standa ect materials and direct labor. Compute the materials price and quantity variances for each material. Compute the labor rate and efficiency variances for each operation. Complete this question by entering your answers in the tabs belov Reg 1 Req 2 Req3 Complete the standard cost card for each product, showing the standard co answers to 2 decimal places.) Standard Quantity or Hours Standard Price or Rate Standard Cost kilos phab: Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total per kilo per liter liters hours per hour hours per hour $ 0.00 ata7: kilos per kilo liters per liter Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total hours per hour hours per hour $ 0.00 Roq Req2 b. The standard labor rate is $21.00 per hour in Sintering and $20.00 per hour Finishing c. During May, 1.350 direct labor-hours were worked in Sintering at a total labo of $33,210, and 2,990 direct labor-hours were worked in Finishing at a total cost of $65,780. d. Production during May was 2,000 Alphabs and 1,200 Zeta7s. Required: 1. Complete the standard cost card for each product, showing the standard cost 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. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3 Compute the materials price and quantity variances for each material. (Indicate the favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input Direct Materials Variances-Material X442: Materials price variance Materials quantity variance Direct Materials Variances---Material Y661: Materials price variance Materials quantity variance Prev 2 of 6 Next > als are pure b. The standard labor rate is $21.00 per hour in Sintering and $20.00 Finishing c. During May, 1,350 direct labor-hours were worked in Sintering at of $33,210, and 2,990 direct labor-hours were worked in Finishing cost of $65,780. d. Production during May was 2,000 Alphabs and 1,200 Zeta7s. Required: 1. Complete the standard cost card for each product, showing the sta direct materials and direct labor. 2. Compute the materials price and quantity variances for each mate 3. Compute the labor rate and efficiency variances for each operatio Complete this question by entering your answers in the tabs b Req 1 Reg 2 Reg 3 Compute the labor rate and efficiency variances for each operation. (In favorable, "U" for unfavorable, and "None" for no effect (i.e., zero varia Direct Labor VariancesSintering: Labor rate variance Labor efficiency variance Direct Labor Variances-Finishing:. Labor rate variance Labor efficiency variance