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 Alpha6 1.8 kgs 2.4 litres 0.20 hrs 1.20 hrs Zeta7 4.4 kgs 4.4 litres 0.40 hrs 0.80 hrs Information relating to materials purchased and materials used in production during May follows: Purchases Purchase Cost Standard Price Used in Production X442 15,100 kgs $40,770 $2.50 per kg 9,600 kg Y661 16,100 litres $22,540 $1.50 per litre 14,100 litres The following additional information is available: The company recognizes price variances when materials are purchased. The standard labour rate is $22.00 per hour in Sintering and $21.50 per hour in Finishing. During May, 1,300 direct labour-hours were worked in Sintering at a total labour cost of $30,680, and 2,960 direct labour-hours were worked in Finishing at a total labour cost of $69,560. Production during May was 1,700 Alpha6s and 1,550 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.) 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 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).)