Hi Vjvgoe,

Can you help with this one this is really confusing for me? Please?

Mickley Corporation produces two products, Alphas and ZetaTs, 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 Tlme Product X442 Y661 Sintering Finishing Alpha6 3.0 kilos 2.5 liters 0.30 hours 1.20 hours Zeta? 4.0 kilos 4.5 liters 0.30 hours 0.?0 hours Information relating to materials purchased and materials used in production during May follows: Purchase Standard Used In Material Purchases Cost Price Production X442 15,600 kilos $49,920 $3.00 per kilo 10,100 kilos Y661 16,600 liters $24,900 $1.60 per liter 14,600 liters The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $22.00 per hour in Sintering and $21.00 per hour in Finishing. c. During May, 1 .400 direct labor-hours were worked in Sintering at a total labor cost of $33,740, and 3,010 direct labor-hours were worked in Finishing at a total labor cost of $69,230. d. Production during May was 2,200 Alpha6s and 1,000 Zeta7s. Req uled : 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.) 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.) Alphas: Direct materials-X442 Direct materials-YEN per liter Direct labor-Sintering per hour Direct labor-Finishing per hour Total ZetaT: Direct materials-X442 Direct materials-Y661 per liter Direct labor-Sintering per hour Direct labor-Finishing per hour Total 2. 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 (Le, zero variance\" 2. Compute the materials price and quantity.' variances for each material. {Input all amounts as positive values. Indicate the affect of each variance by selecting \"F" for favorable, \"U\" for unfavorable, and "None" for no effect (Le, zero variance\" Direct Materials VariancesMaterial X442: Materials price variance - Materials quantity variance - Direct Materials VariancesMaterial Y661 : Materials price variance M........q...m....-.... -_ 3. 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 (Le, zero variancsj.} Direct Labor Veria noesSintering: Labor efciency variance Direct Labor Varia noesFinishing: Labor rate variance Labor efciency variance