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I already did the first part I just need help with the rest. Show work please! Mickley Corporation produces two products, Alpha6s and Zeta7s, which
I already did the first part I just need help with the rest. Show work please!
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 X442 3.0 kilos 5.0 kilos Y661 2.0 liters 4.0 liters Product Sintering Finishing Alpha6 Zeta7 0.30 hours .20 hours 0.40 hours 1.20 hours Information relating to materials purchased and materials used in production during May follows Material X442 Y661 Purchases 14,900 kilos 15,900 liters Purchase Cost $37,250 $19,080 Standard Price $2.30 per kilo $1.30 per liter Used in Production 9,400 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 Zeta7sStep by Step Solution
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