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) Product Alpha Be Material X442 7661 1.5 kilos 2.0 liters 3.5 kilos 4.0 liters Standard Labor Time Sintering Finishing 0.20 hours 0.30 hours 0.40 hours 0.0 hours Information relating to materials purchased and materials used in production during May follows: Purchase Cost Material 442 7661 Purchase 14,300 kilos 15,300 liters Standard Price $3.5e per til $1.70 per liter $57,200 $24,400 Used Production 8,000 kilos 13,300 liters 4 The following additional information is available: a. The company recognizes price variances when materials are purchased The standard labor rate is $20.00 per hour in Sintering and $18 50 per hour in Finishing c During May, 1300 direct labor-hours were worked in Sintering at a total labor cost of $29640, and 2,880 direct labor-hours were worked in Finishing at a total labor cost of $59,040, d. Production during May was 1,800 Alphabs and 1.800 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. Required 1 Required 2 Required Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. (Round your answers to 2 decimal placen.) Standard Price or Rate Standard Cost per kilo per liter per hour per hour Standard Quantity of Hours Alpha 6 Direct materials--X442 kilos Direct materials Y661 liters Direct labor-Sintering hours Direct labor-Finishing hours Total Zeta Dired materials x442 kilos Direct materials Y661 Direct labor Sintering hours Direct labor-Finishing hours Total per kilo per liter per hour per hour Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 he zero variance). Input all amounts as positive values.) Direct Materials Variances Material X442 Materials price variance Materials quantity variance Direct Materials Variances Material Y661 Materials price variance Materials quantity variance 4 Complete this question by entering your answers in the tabs below. Required Required 2 Required 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 effectie, zero variance). Input all amounts as positive values.) Died Labor Variances-Sintering Labor rate variance Labor efficiency variance Direct Labor Variances-Finishing Labor rate variance Labor efficiency variance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 he zero variance). Input all amounts as positive values.) Direct Materials Variances Material X442 Materials price variance Materials quantity variance Direct Materials Variances Material Y661 Materials price variance Materials quantity variance 4 Complete this question by entering your answers in the tabs below. Required Required 2 Required 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 effectie, zero variance). Input all amounts as positive values.) Died Labor Variances-Sintering Labor rate variance Labor efficiency variance Direct Labor Variances-Finishing Labor rate variance Labor efficiency variance