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 Zeta Raw Material X442 7661 2.6 kilos 1.5 liters 3.0 kilos 2.5 liters Standard Labor Time Sintering Finishing 9.10 hours 0.89 hours 0.45 hours 0.90 hours 19 Information relating to materials purchased and materials used in production during May follows: Material X442 Y661 Purchase Purchases Cost 14,80 kilos $66,600 15,800 liters $23, 780 Standard Price $4.30 per kilo $1.60 per liter Used in Production 9, 300 kilos 13,800 liters 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 $2100 per hour in Finishing c. During May. 1.220 direct labor hours were worked in Sintering at a total labor cost of $20,060, and 2,930 direct labor hours were worked in Finishing at a total labor cost of $67.390. d. Production during May was 2.300 Aiphaos and 1.600 Zeto75 Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor 2. Compute the materiais price and quantity variances for each material 3. Compute the labor rate and efficiency variances for each operation