6 Problem 9-21 (Algo) Multiple Products, Materials, and Processes (L09-4, LO9-5) 2.5 Mickley Corporation produces two products, Alphabs and Zetas, which pass through two operations. Sinitoring 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 cach product on a per unit basis Standard at TS YA Sintering Finishing Al 2.5 Stos 0.4 hours 1.20 hours Zeta 4.5 st 1.5 liters e46 tours 6.0 hours Information relating to materials purchased and materials used in production during May follows DO 1 PE Material 2 Fechases 15.400 il 16,0 liter Cost Standard Price 36,200 $ 2.0 PRO $ 27,00 51.0 per liter in Product ,00 kitos 14,8 liters ges The following additional information is available: a. The company recognizes price variances when materials are purchased b. The standard taborrate is $2100 per hour in Sintering and $2000 per hour in Finishing 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 2000 Alphabs 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 materiais 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. Recured 1 Required 2 Required Complete the standard cont card for each product showing the standard cost of direct materials and direct labor. (Round your ato 2 decimal places) Standard Quantity or Hours Standard Price or Rate Standard Cost per lo Wios fors Der er Alpha Dere materials-X442 Direct material-001 Direct labor-Sintering Direct labor-Finishing Total hours hours per hour pet hour 5 0.00 los Direct materialX442 Direct materials-Y001 Drect labor-Sintering Direct labore Finishing Total perk per le per hour per hour hours hours 50.00 Required 2 > 6 25 . Problem 9-21 (Algo) Multiple Products, Materials, and Processes (L09.4, LO9-5) Mickey Corporation produces two products Alphabs and Zeto7s, 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) standard Labor Time Product 1442 7661 Sintering Finishing Alpha 2.5 kilos 2.5 liters 2.40 hours 1.20 hours Zeta 4.5 kilos 5.5 liters 0.4 hours 0.30 hours Information relating to materials purchased and materials used in production during May follows: Purchase Material Purchases Cost Standard Price used in Production 15,40e ciles $ 46,200 $ 2.00 per kilo 9,90 kilos 7661 16,400 liters $ 27,000 $1.00 per liter 14,400 liters The following additional information is available Pri Ronces a. The company recognizes price variances when materials are purchased b. The standard labor rate is $2100 per hour in Sintering and $20.00 per hour in Finishing c During Moy. 1.350 direct labor-hours were worked in Sintering at a total labor cost of $33,210, and 2.990 direct lobor-hours were worked in Finishing at a total labor cost of $65.780. d Production during May was 2000 Alphos and 1,200 Zeto? 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. Required 1 Required 2 Required Compute the materials price and quantity variances for each material (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and one for no effect is zero vanance), Input all amounts as positive values.) Direct Materiais Variances-MaterialX442 Materials price variance Materiais quantity variance Direct Material Variances-Material Y661: Materials price variance Materials quantity variance 6 Problem 9-21 (Algo) Multiple Products, Materials, and Processes (L09-4, LO9-5) 25 DO Mickley Corporation produces two products, Alphas and Zeta7s, which pass through two operations. Sintering and Finishing Each of the products uses two row 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 Tine Froduct 7661 Sintering Finishing Aloha 2.5 kilos 2.5 liters 8.40 hours 1.20 hours Zeta 4.5 vites 5.5 liters 0.40 hours 0.00 hours information relating to materials purchased and materials used in production during May follows: Pert Purchase Material Purchases cost Standard price X40 15,400 kilos 546,200 $ 2.50 per le 7661 15,4 liters $ 27,00 $ 1.te per liter The following additional information is available used in production 5.900 kilos 14,400 liters strance a. The company recognizes price variances when materials are purchased b. The standard labor rate is $2100 per hour in Sintering and $20.00 per hour in Finishing c. During Moy. 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 Alphos 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. Required 1 Required 2 Required 3 Compute the labor rate and efficiency variances for each operation. (Indicate the effect of each variance by selecting for favorable. "Ufor unfavorable, and one for no effect ce, zero vanance). Input all amounts as positive values.) Direct Labor Variances--Sintering Laborrate variance Labor efficiency variance Direcf Labor Variances Finishing Laborrate variance Laboreiciency variance 6 25 . Problem 9-21 (Algo) Multiple Products, Materials, and Processes (L09.4, LO9-5) Mickey Corporation produces two products Alphabs and Zeto7s, 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) standard Labor Time Product 1442 7661 Sintering Finishing Alpha 2.5 kilos 2.5 liters 2.40 hours 1.20 hours Zeta 4.5 kilos 5.5 liters 0.4 hours 0.30 hours Information relating to materials purchased and materials used in production during May follows: Purchase Material Purchases Cost Standard Price used in Production 15,40e ciles $ 46,200 $ 2.00 per kilo 9,90 kilos 7661 16,400 liters $ 27,000 $1.00 per liter 14,400 liters The following additional information is available Pri Ronces a. The company recognizes price variances when materials are purchased b. The standard labor rate is $2100 per hour in Sintering and $20.00 per hour in Finishing c During Moy. 1.350 direct labor-hours were worked in Sintering at a total labor cost of $33,210, and 2.990 direct lobor-hours were worked in Finishing at a total labor cost of $65.780. d Production during May was 2000 Alphos and 1,200 Zeto? 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. Required 1 Required 2 Required Compute the materials price and quantity variances for each material (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and one for no effect is zero vanance), Input all amounts as positive values.) Direct Materiais Variances-MaterialX442 Materials price variance Materiais quantity variance Direct Material Variances-Material Y661: Materials price variance Materials quantity variance 6 Problem 9-21 (Algo) Multiple Products, Materials, and Processes (L09-4, LO9-5) 25 DO Mickley Corporation produces two products, Alphas and Zeta7s, which pass through two operations. Sintering and Finishing Each of the products uses two row 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 Tine Froduct 7661 Sintering Finishing Aloha 2.5 kilos 2.5 liters 8.40 hours 1.20 hours Zeta 4.5 vites 5.5 liters 0.40 hours 0.00 hours information relating to materials purchased and materials used in production during May follows: Pert Purchase Material Purchases cost Standard price X40 15,400 kilos 546,200 $ 2.50 per le 7661 15,4 liters $ 27,00 $ 1.te per liter The following additional information is available used in production 5.900 kilos 14,400 liters strance a. The company recognizes price variances when materials are purchased b. The standard labor rate is $2100 per hour in Sintering and $20.00 per hour in Finishing c. During Moy. 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 Alphos 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. Required 1 Required 2 Required 3 Compute the labor rate and efficiency variances for each operation. (Indicate the effect of each variance by selecting for favorable. "Ufor unfavorable, and one for no effect ce, zero vanance). Input all amounts as positive values.) Direct Labor Variances--Sintering Laborrate variance Labor efficiency variance Direcf Labor Variances Finishing Laborrate variance Laboreiciency variance