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$)$:

Product Raw Material Standard Labor Time

X$442$ Y$661$ Sintering Finishing

Alpha$62\mathrm{.}0$ kilos $3\mathrm{.}0$ liters $0\mathrm{.}20$ hours $0\mathrm{.}90$ hours

Zeta$75\mathrm{.}0$ kilos $4\mathrm{.}0$ liters $0\mathrm{.}40$ hours $1\mathrm{.}00$ hours

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

Material Purchases Purchase Cost Standard Price Used in Production

X$44215,500$ kilos $ $48,050$ $ $2\mathrm{.}90$ per kilo $10,000$ kilos

Y$66116,500$ liters $ $29,700$ $ $1\mathrm{.}90$ per liter $14,500$ liters

The following additional information is available:

The company recognizes price variances when materials are purchased.

The standard labor rate is $$22\mathrm{.}00$ per hour in Sintering and $$20\mathrm{.}50$ per hour in Finishing.

During May, $1,320$ direct labor$-$hours were worked in Sintering at a total labor cost of $$31,680,$ and $3,000$ direct labor$-$hours were worked in Finishing at a total labor cost of $$67,500.$

Production during May was $2,100$ Alpha$6$s and $1,220$ Zeta$7$s$.$

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.Compute the materials price and quantity variances for each material. $($Indicate the effec

favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$ Input all amReq $3$

Compute the labor rate and efficiency variances for each operation. $($Indicate the effect

favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero varlance$).$ Input all am

$3.$ Compute the labor rate and efficiency variances for each operation.