Mickley Corporation produces two products, Alpha$6$s and Zeta$7$s$,$ which pass through two operations, Sintering and Finishing. Each of the products uses two raw materialsX$442$ and Y$661.$ The company uses a standard cost system, with the following standards for each product $($on a per unit basis$)$: ProductRaw MaterialStandard Labor TimeX$442$Y$661$SinteringFinishingAlpha$62\mathrm{.}0$kilos$1\mathrm{.}4$liters$0\mathrm{.}50$hours$0\mathrm{.}90$hoursZeta$74\mathrm{.}0$kilos$3\mathrm{.}4$liters$0\mathrm{.}10$hours$0\mathrm{.}90$hours Information relating to materials purchased and materials used in production during May follows: MaterialPurchasesPurchase CostStandard PriceUsed in ProductionX$44214,600$kilos$ $62,780$$ $4\mathrm{.}10$per kilo$9,100$kilosY$66115,600$liters$ $21,840$$ $1\mathrm{.}50$per liter$13,600$liters The following additional information is available: The company recognizes price variances when materials are purchased.The standard labor rate is $$15\mathrm{.}00$ per hour in Sintering and $$20\mathrm{.}00$ per hour in Finishing.During May, $1,300$ direct labor$-$hours were worked in Sintering at a total labor cost of $$30,030,$ and $2,910$ direct labor$-$hours were worked in Finishing at a total labor cost of $$64,020.$Production during May was $2,100$ Alpha$6$s and $1,300$ Zeta$7$s$.$ Required:$1.$ Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor$\mathrm{.}2.$ Compute the materials price and quantity variances for each material$\mathrm{.}3.$ Compute the labor rate and efficiency variances for each operation.

Maren $10,2024$ at $7$:$43$PM

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Req $1$

Req$2$

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 $($i$.$e$.,$ zero variance$).$ Input all amounts as positive values.$)$

$\backslash$table$[[$Direct Materials Variances$-$Material X$442$:$,,],[$Materials price variance,$2,920,$U$],[$Materials quantity variance,,F$],[$Direct Materials Variances$-$Material Y$661$:$,,],[$Materials price variance,$1,560,F$