Mickley Corporation produces two products, Alpha6 and Zeta7, 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 Labour Time X442 Y661 Sintering Finishing Alphat 3.0 kgs 3.0 litres 0.30 hrs 1. 10 hrs Zeta7 5.0 kgs 5.0 litres 0.40 hrs 1. 20 hrs Information relating to materials purchased and materials used in production during May follows: Purchase standard Used in Purchases Cost Price Production X442 15,300 kgs $44, 370 $2.70 per kg 9, 800 kg Y661 16,300 litres $26 , 080 $1.70 per litre 14,300 litres The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labour rate is $23.00 per hour in Sintering and $21.50 per hour in Finishing. c. During May, 1,320 direct labour-hours were worked in Sintering at a total labour cost of $32,340, and 2,980 direct labour-hours were worked in Finishing at a total labour cost of $70,030. d. Production during May was 1,900 AlphaGs and 900 Zeta7s. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labour. (Round your answers to 2 decimal places.) Standard Standard Standard Quantity or Hours Price or Rate Cost Alpha6: Direct materials-X442 kgs per kg Direct materials-Y661 litres per litre Direct labour-Sintering hours per hour Direct labour-Finishing hours per hour Total Zeta7 Direct materials-X442 kg per kg Direct materials-Y661 litres per litre Direct labour-Sintering hours per hour Direct labour-Finishing hours per hour Total 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).) Direct Materials Variances-Material X442. Materials price variance Materials quantity variance Direct Materials Variances-Material Y661: Materials price variance Materials quantity variance 3. Compute the labour 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).) Direct Labour Variances-Sintering: Labour rate variance Labour efficiency variance Direct Labour Variances-Finishing: Labour rate vanance Labour efficiency variance