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i got thr firet part but im lost on the second with finding the actual price. thank you Mickiey Corporation produces two products, Alpha6s and

i got thr firet part but im lost on the second with finding the actual price. thank you image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Mickiey 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 fon a per unit bosis): Information relating to materials purchased and materials used in production during May follows: The following additional information is avatlable: a. The company recognizes price variances when matenals are purchased b. The standard labor rate is $1980 per hour in Sintering and $19.20 per hour in Finithing c. During May. 1.200 direct labor-hours were worked in Sintering at a total labor cost of $27.000, and 2.850 direct labor-hours were worked in Finishing at a total labor cost of $59.850 d. Production during May was 1,500 Alpha6s and 2,000 Zeta7s. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. 2. Compute the materiais ptice 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. Compute the materials price and quantity variances for each material. Compute the labor rate and efficiency variances for each operation. Complete this question by entering your answers in the tabs below. Complete the standard cost card for each product, showing the standard cost answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Compute the materials price and quantity variances for each material. (Indicate the effect of each variance by selecting favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Complete this question by entering your answers in the tabs below. Compute the labor rate and efficiency variances for each operation. (Indicate the effect of each variance by selecting "F" favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

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