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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): Standard Labor Time SinteringFinishing 0.40 hours 0.80 hours 0.10 hours 0.60 hours Raw Material Y661 2.0 liters 4.0 liters Product Alpha6 Zeta7 X442 1.2 kilos 3.0 kilos Information relating to materials purchased and materials used in production during May follows Material X442 Y661 Purchases 14,500 kilos 15,500 liters Purchase Cost $60,900 $27,900 Standard Price $4.00 per kilo $1.90 per liter Used in Production 9,000 kilos 13,500 liters The following additional information is available a. The company recognizes price variances when materials are purchased b. The standard labor rate is $21.00 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 $28,750, and 2,900 direct labor-hours were worked in Finishing at a total labor cost of $62,350 d. Production during May was 2,000 Alpha6s and 2,250 Zeta7s