Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materialsX442 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 Product X442 Y661 Sintering Finishing Alpha6 3.0 kilos 2.0 liters 0.30 hours 1.20 hours Zeta7 5.0 kilos 4.0 liters 0.40 hours 1.20 hours Information relating to materials purchased and materials used in production during May follows: Material Purchases Purchase Cost Standard Price Used in Production X442 14,900 kilos $37,250 $2.30 per kilo 9,400 kilos Y661 15,900 liters $19,080 $1.30 per liter 13,900 liters The following additional information is available: The company recognizes price variances when materials are purchased. The standard labor rate is $23.00 per hour in Sintering and $19.50 per hour in Finishing. During May, 1,250 direct labor-hours were worked in Sintering at a total labor cost of $29,000, and 2,940 direct labor-hours were worked in Finishing at a total labor cost of $63,210. Production during May was 1,500 Alpha6s and 1,000 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 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 Price or Rate		Standard Cost
Alpha6:
Direct materials-X442		kilos		per kilo
Direct materials-Y661		liters		per liter
Direct labor-Sintering		hours		per hour
Direct labor-Finishing		hours		per hour
Total					$0.00
Zeta7:
Direct materials-X442		kilos		per kilo
Direct materials-Y661		liters		per liter
Direct labor-Sintering		hours		per hour
Direct labor-Finishing		hours		per hour
Total					$0.00

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). Input all amounts as positive values.)

Direct Materials VariancesMaterial X442:
Materials price variance
Materials quantity variance
Direct Materials VariancesMaterial Y661:
Materials price variance
Materials quantity variance

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). Input all amounts as positive values.)

Direct Labor VariancesSintering:
Labor rate variance
Labor efficiency variance
Direct Labor VariancesFinishing:
Labor rate variance
Labor efficiency variance