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 Standard Labor Time Sintering 0.40 hours Finishing 1.20 hours 0.80 hours Product X442 Y661 2.5 liters 5.5 liters Alpha6 2.5 kilos 4.5 kilos 0.40 hours Zeta7 Information relating to materials purchased and materials used in production during May follows: Purchase Used in Standard Purchases Price Production 9,900 kilos 14,400 liters Material Cost 15,400 kilos 16,400 liters $46,200 $27,880 $2.80 per kilo X442 $1.80 per liter Y661 The following additional information is available: a. The company recognizes price variances when materia ls are purchased. b. The standard labor rate is $21.00 per hour in Sintering and $20.00 per hour in Finishing. c. During May, 1,350 direct labor-hours were worked in Sintering at a total labor cost of $33,210, and 2,990 direct labor-hours were worked in Finishing at a total labor cost of $65,780. May was 2,000 Alpha6s and 1,200 Zeta7s. d. Production 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 be low. Req 2 Req 1 Req 3 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.) Standard Quantity or Hours Standard Standard Cost Price or Rate Alpha6: kilos Direct materials-X442 per kilo per liter Direct materials-Y661 iters Direct labor-Sintering hours per hour Direct labor-Finishing per hour hours Total Zeta7 kilos Direct materials-X442 per kilo liters Direct materials-Y661 per liter Direct labor-Sintering per hour hours Direct labor-Finishing hours per hour Total -Pea 1. Rea 2