Mickley Corporation produces two products, Alpha6s and Zeta75, which pass through two operabons, Sintering anid Finishing. Each of the products uses mwo faw materials-X442 and Y661. The company uses a standard cost system, wth the following standards for each product (on a per unit bases: Information felating to motenais purchased and materials used in production durng May follows: The following additional information is available: a. The company recognizes price vartances when materrals are purchosed b. The standard labor rote is $23,00 per hour in Sintering and $2200 per hour in Finishing c. Durting May, 1,380 direct labor hours were worked in Sintering ot a total labor cost of $34,500, and 3.030 direct labor-hours were worked in Finshing at a total tabor cost of $72720. d. Production during May was 2,400 Apha6s and 1,000 Zeta7s. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct matertals and direct labor. 2 Conpute the materials price and quantity varlances for each matertal 3. Compute the labor rate and efficiency variances for each operotion Mickley Corporation produces two products, Alpha6s and Zeta75, which pass through two operabons, Sintering anid Finishing. Each of the products uses mwo faw materials-X442 and Y661. The company uses a standard cost system, wth the following standards for each product (on a per unit bases: Information felating to motenais purchased and materials used in production durng May follows: The following additional information is available: a. The company recognizes price vartances when materrals are purchosed b. The standard labor rote is $23,00 per hour in Sintering and $2200 per hour in Finishing c. Durting May, 1,380 direct labor hours were worked in Sintering ot a total labor cost of $34,500, and 3.030 direct labor-hours were worked in Finshing at a total tabor cost of $72720. d. Production during May was 2,400 Apha6s and 1,000 Zeta7s. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct matertals and direct labor. 2 Conpute the materials price and quantity varlances for each matertal 3. Compute the labor rate and efficiency variances for each operotion