Mickley Corporation produces two products, Alpha6s and Zeta75, which poss through two operations, Sintering and Finishing. Each of the products uses two raw materlais X442 and Y661. The compapy uses a standard cost system, with the following standards for each product fon a per unit basis) Information relating to materials purchased and materials used in production diring May follows: The folowing additionat information is available: a. The compary recognizes pnce variances when materials are purchased. b. The standard tabor rate is $22.00 per hour in $ intering and $20.50 por hour in Finishing. c. Duning Msy, 1,200 direct labor hours were worked in Sintering at a totat labor cost of $27,840, and 2,920 direct labor-hours were: worked in Finishing at a total iabor cost of $65,700. d. Procuction during May was 2,200 Alpho6s and 1700 Zeta7s. Required: 1. Complete the standard cost card for each product, showing the standard cost of divect materials and direct labor. 2. Compute the msterials price and quantity variances for each material. 3. Compute the labor rate and effeiency varances foe each operation. Complete this question by entering your answers in the tabs below. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor, (Round your answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Compute the materials price and quantity variances for each material. (Indicate the effect of each variance by seiecting "F" for favorable, "u" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as posieive values.) Complete this question by entering your answers in the tabs below. Compute the Iabor rate and efficiency variances for each operation. (Indicate the effect of esch variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (L.e. zero variance). Input all amounts as postive values.)