Mickley Corporation produces two products, Alpha6s and Zeta7s, 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 X442 7661 1.2 kilos 20 liters 30 kilos 4.0 liters Standard Labor Time Sinterine Finishing Product Alphab Zeta 3.40 hours 0.10 hours 0.30 hours 0.60 hours Information relating to materials purchased and materials used in production during May follows: Material X442 7661 Purchase Purchases Cost 14,500 kilos 568,900 15,500 liters $27.900 Standard Price 54.00 per kilo $1.00 per liter Used in Production 9, 100 kilos 3,500 liters The following additional Information is available: a. The company recognizes price variances when materials are purchased b. The standard labor rate is $21.00 per hour in Sintering and $19.50 per hour in Finishing c. During May, 1.250 direct labor hours were worked in Sintering at a total labor cost of $28.750, and 2.900 direct labor hours were worked in Finishing at a total labor cost of $62,350, d. Production during May was 2,000 Alpha6s and 2.250 Zetays Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor 2. Compute the materials price and quantity variances for each material worked in Finishing at a total labor cost of $62,350. d. Production during May was 2,000 Alphabs and 2.250 Zeta7s. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor 2. Compute the materials price and quantity variances for each material. 3. Compute the labor rate and efficiency variances for each operation. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Compute the labor rate and efficiency variances for each operation (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (ie, zero varlance). Input all amounts as positive values.) Direct Labor Variances-Sintering Laborate variance 2.500U Labor efficiency vanance Direct Labor Vianances Finishing Labor rate variance Labor encioncy vananco 5 800