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):

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): Information relating to materials purchased and materials used in production during May follows: The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $22.00 per hour in Sintering and $20.50 per hour in Finishing. c. During May, 1.300 direct labor-hours were worked in Sintering at a total labor cost of $31.720 and 3.040 direct labor-hours were worked in Finishing at a total labor cost of $68.400. d Production during May was 2.500 Alpha6s and 1.400 Zeta7s. Requied: 1. 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.)2. Compute the materials price and quantity variances for each material. (Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance). Round your answers to 2 decimal places.) 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 (i.e., zero variance). Round your answers to 2 decimal places.)