Mickley Corporation produces two products, Alphas and Zetas which pass through two operations, Sintering and Finishing. Each of the products uses two raw materialsX and Y 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 Y Sintering Finishing

Alpha kilos liters hours hours

Zeta kilos liters hours hours

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

Material Purchases Purchase Cost Standard Price Used in Production

X kilos $ $ per kilo kilos

Y liters $ $ per liter liters

The following additional information is available:

The company recognizes price variances when materials are purchased.

The standard labor rate is $ per hour in Sintering and $ per hour in Finishing.

During May, direct laborhours were worked in Sintering at a total labor cost of $ and direct laborhours were worked in Finishing at a total labor cost of $

Production during May was Alphas and Zetas

Required:

Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor.

Compute the materials price and quantity variances for each material.

Compute the labor rate and efficiency variances for each operation.