Homework 8 Problem 10-10 (Algo) Multiple Products, Materials, and Processes (L010-1, LO10-23 02 port Mickey Corporation produces we products, Alhabs and Zetas, which pass through two con Setering Pring tech the products uses to raw material-X442 and Y66. The company uses and cost system, w nowing and to each product on a per unit basis Standard Product X402 7661 Sinteringing Alpha 2.0 kilos 1.5 liters .. our hours Zeta 4.0 kilos 3.0 liters 48 hours 1.6 hours Information relating to materials purchased and materials used in production during Mayfolios Material Purchases Purchase cost Standard Post Product 14.400 kilos X442 $ 59,040 53.90 per kilo 8.900 Milos 7661 15,40 liters $ 26,150 $ 1.80 per liter 33.400 liters The following additional information is available a. The company recognizes price variances when materials are purchased b. The standard labor rate is $20.00 per hour in Sintering and $19.00 per hour in Finishing During May, 1.200 direct labor houts were worked in sintering at a total labor cost of $27480 and 2.890 orect labor hours were worked in Finishing at a total labor cost of $60,690 d. Production during May was 1900 Alphas and 1300 Zetas Required: t. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labot 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. Dan Den Complete this question by entering your answers in the tabs below. 0.7 points Regt Reg 2 Reg 3 Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor (ruund your answers to 2 decimal places) Book Standard Quantity or Hours Standard Price or Rate Standard Cost References kilos ters pero per per hour per hour hours hours Alpha Direct materials-X442 Direct materials-9661 Direct labor-Sintering Direct labor Finishing Total Zeta Direct materials-X442 Direct materials-Y861 Direct labor-Sintering Direct labor-Finishing Total kilos Wers hours hours per kilo per or (per hour per hour Rega > operation 0.7 points Complete this question by entering your answers in the tabs below. eBook Reg 1 Reg 2 Reg 3 Compute the materials price and quantity variances for each material. (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effect (.e, zero variance). Input all amounts as positive values.) References Direct Materials Variances-Material X442 Materials price variance Materials quantity variance Direct Materials Variances-Material Y661 Materials price variance Materials quantity variance Req1 Reg 3 > U 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 0.7 points Complete this question by entering your answers in the tabs below. Reg 1 eBook Reg 2 Req3 Compute the labor rate and efficiency variances for each operation (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance). Input all amounts as positive values.) References Direct Labor Variances Sintering Labor rate variance Labor efficiency variance Direct Labor Variances-Finishing Labor rate variance Labor efficiency variance Reg 2
