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Ch 9 Graded Homework 6 Problem 9-21 Multiple Products, Materials, and Processes [LO9-4, LO9-5) 17 Doints Mickley Corporation produces two products, Alpha6s and Zeta7s, which

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Ch 9 Graded Homework 6 Problem 9-21 Multiple Products, Materials, and Processes [LO9-4, LO9-5) 17 Doints 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) Product Alphab Zeta Raw Material Y561 2.5 kilos 2.5 liters 4.5 kilos 5.5 liters eBook Standard Labor Time Sintering Finishing 0.40 hours 1.20 hours 0.4 hours 2.50 hours Print Information relating to materials purchased and materials used in production during May follows: References Material X442 7661 Purchases 15,400 kilos 16,400 liters Purchase Cost 546,200 $27,880 Standard Price $2.50 per kilo $1.se 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 $2100 per hour in Sintering and $20.00 per hour in Finishing c. During May, 1350 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 Zetas. 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 Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. (Round your answers to 2 dedmal places)

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