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 materials, X$442$ and Y$661.$ The company uses a standard cost system, with the following standards for each product $($on a per unit basis$)$:

Raw Material

Standard Labor Time

Product X$442$ Y$661$ Sintering Finishing

Alpha$62\mathrm{.}5$ kilos $2\mathrm{.}5$ liters $0\mathrm{.}20$ hours $0\mathrm{.}80$ hours

Zeta$74\mathrm{.}5$ kilos $4\mathrm{.}0$ liters $0\mathrm{.}40$ hours $1\mathrm{.}20$ hours

Information relating to materials purchased and materials used in production during May follows:

Material Purchases Purchase Cost Standard

Price Used in

Production

X$44215,800$ kilos $$53,720$ $$3\mathrm{.}20$ per kilo $10,300$ kilos

Y$66116,800$ liters $$21,840$ $$1\mathrm{.}40$ per liter $14,800$ liters

The following additional information is available:

a$.$ The company recognizes price variances when materials are purchased.

b$.$ The standard labor rate is $$23\mathrm{.}00$ per hour in Sintering and $$22\mathrm{.}00$ per hour in Finishing.

c$.$

During May, $1,380$ direct labor$-$hours were worked in Sintering at a total labor cost of $$34,500,$ and $3,030$ direct labor$-$hours were worked in Finishing at a total labor cost of $$72,720.$d$.$ Production during May was $2,400$ Alpha$6$s and $1,000$ Zeta$7$s$.$

Requied:

$1.$

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.$)2.$

Compute the materials price and quantity variances for each material. $($Input all amounts as positive values. Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$,$ zero variance$).)3.$

Compute the labor rate and efficiency variances for each operation. $($Input all amounts as positive values. Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$,$ zero variance$).)$