ILVIU-I, LU10-2) 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 Laberi Product x442 Y661 Sintering Finishing Alpha 1.5 kilos 2.2 liters 0.40 hours 0.80 hours Zeta? 3.5 kilos 4.4 liters 0.30 hours 0.90 hours Information relating to materials purchased and materials used in production during May follows: Material Turebanes Purchase coat Standard and Predvietion X442 14,100 Won $ 53,500 # 3.60 per kilo 8,600 kilow Y661 15,100 liter # 21,140 $ 1.50 per liter 13,100 litara The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $18.00 per hour in Sintering and $18.00 per hour in Finishing. c. During May 1,250 direct labor-hours were worked in Sintering at a total labor cost of $28,250, and 2,860 direct labor hours were worked in Finishing at a total labor cost of $57,200. d. Production during May was 1,600 Alpha6s and 1,800 Zeta7s. Required: 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 ed Reg 1 Reg 2 Reg 3 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.) Bock Standard Quantity or Hours Standard Price or Rate Standard Coat Ke per kilo per i Mers Alpha Direct materials-X442 Direct matnnials-7661 Direct labor Sintering Direct labor.Fishing Total o hours per hour rences hours per hour $ 0.00 Zeta ko Iters Direct mat-X442 Direct mana-Y661 Director intering Director Finishing Total por lo per te De hur per hour hours hour $ 0.00 22 > A Tools Skipped Complete this question by entering your answers in the tabs below. Req 1 Req2 Req3 eBook Compute the materials price and quantity variances for each material. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Ask References Direct Materials Variances-Material X442: Materials price variance Materials quantity variance Direct Materials Variances-Material Y661: Materials price variance Materials quantity variance points 3. Compute the labor rate and efficiency variances for each operation. Skipped Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Reg 3 eBook Ask 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 (.e., zero variance). Input all amounts as positive values Direct Labor Variances-Sintering Labor rate variance Labor efficiency variance Direct Labor Variances Finishing: Labor rate variance Labor efficiency variance References (Reg 2
