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 Y661 Product Alpha6 Zeta7 X442 2.0 kilos 3.0 liters 5.0 kilos 4.0 liters Standard Labor Time Sintering Finishing 0.20 hours 0.90 hours 0.40 hours 1.00 hours Information relating to materials purchased and materials used in production during May follows: Material X442 Y661 Purchases 15,500 kilos $ 48,050 16,500 liters $ 29,700 Purchase Cost Standard Price $ 2.90 per kilo $ 1.90 per liter Used in Produ 10,000 kil 14,500 lit 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, 1,320 direct labor-hours were worked in Sintering at a total labor cost of $31,680, and 3,000 direct labor-hours were worked in Finishing at a total labor cost of $67,500. d. Production during May was 2,100 Alpha6s and 1,220 Zeta7s.