Compute the materials price and quantity variances for each material. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance)

Direct Materials VariancesMaterial X442:
Materials price variance	$2,980	U
Materials quantity variance		F
Direct Materials VariancesMaterial Y661:
Materials price variance	$1,590	F
Materials quantity variance		U

Compute the labor rate and efficiency variances for each operation. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance).)

Direct Labor VariancesSintering:
Labor rate variance		U
Labor efficiency variance		U
Direct Labor VariancesFinishing:
Labor rate variance		U
Labor efficiency variance		F

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): Raw Material Standard Labor Time Product Alpha6 Zeta7 X442 3.0 kilos 5.0 kilos Y661 2.0 liters 4.0 liters 0.30 hours 0.40 hours Finishing 1.20 hours 1.20 hours Information relating to materials purchased and materials used in production during May follows: Standard Used in Material X442 Y661 Cost S37,250 $19,080 Price 14,900 kilos 15,900 liters $2.30 per kilo $1.30 per liter 9400 kilos 13,900 liters 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 $19.50 per hour in Finishing c. During May, 1,250 direct labor-hours were worked in Sintering at a total labor cost of $29,000, and 2,940 direct labor-hours were worked in Finishing at a total labor cost of $63,210. d. Production during May was 1,500 Alpha6s and 1,000 Zeta7s. Requied 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. (Round your answers to 2 decimal places.) Quantity or Hours or Rate Cost Alpha6: Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total 3.00 kilos 2.00 liters1.30 per liter 0.30 hours $23.00 per hour 1.20 hours $19.50 per hour 2.30 per kilo6.90 2.60 6.90 23.40 $ 39.80 Zeta7 Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total 4.00 liters1.30 per liter 0.40 hours $23.00 per hour 1.20 hours $19.50 per hour 5.00 kilos2.30 per kilo11.50 5.20 9.20 23.40 $ 49.30