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): Alphab Zeta7 Raw Material X442 Y661 1.5 kgs 2.2 litres 3.5 kgs 4.4 litres Standard Labour Time Sintering Finishing 0.48 hrs 0.80 hrs 0.30 hrs 0.98 hrs Information relating to materials purchased and materials used in production during May follows: X442 Y661 Purchases 14,100 kgs 15,100 litres Purchase Cost $53,580 $21,140 Standard Price $3.50 per kg $1.50 per litre Used in Production 8,6ee kg 13,100 litres The following additional information is available: a. The company recognizes price variances when materials are purchased b. The standard labour rate is $18.00 per hour in Sintering and $18.00 per hour in Finishing c. During May, 1,250 direct labour-hours were worked in Sintering at a total labour cost of $28,250, and 2,860 direct labour-hours were worked in Finishing at a total labour cost of $57,200, d. Production during May was 1,600 Alpha6s and 1,800 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 Quantity or Hours Standard Price or Rate Standard Cost kgs litres Alpha6 Direct materials-X442 Direct materials-Y661 Direct labour-Sintering Direct labour-Finishing Total per kg per litre per hour per hour hours hours $ 0.00 kgs litres Zeta Direct materials-X442 Direct materials-Y661 Direct labour-Sintering Direct labour-Finishing per kg per litre per hour hours hours per hour ER 40 Next > Soved Direct labour-Finishing Total hours per hour $ 0.00 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 (ie, 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 (ie, zero variance).) Direct Labour Variances -Sintering: Labour rate variance Labour efficiency variance Direct Labour Variances--Finishing Labour rate variance Labour efficiency variance