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 1.2 kilos 3.0 kilos Y661 2.0 liters .0 liters 0.40 hours 0.10 hours Finishing 0.80 hours 0.60 hours Zeta7 Information relating to materials purchased and materials used in production during May follows: Used in 14.500 kilos 15,500 liters Cost $60,900 $4.00 per kilo 27,900 $1.90 per liter 9,000 killos 13,500 liters Y661 The following additional information is available a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $21.00 per hour in Sintering and $19.50 per hour in Finishing. c. During May, 1,250 direct labor-hours were worked in Sintering at a total labor cost of $28,750, and 2,900 direct labor-hours were worked in Finishing at a total labor cost of $62,350 d. Production during May was 2,000 Alpha6s and 2,250 Zeta7s Requied 1. 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 Standard Cost Quantity or HoursPrice or Rate Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total ters hours hours per kilo per liter per hour per hour Zeta7: Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total ters hours hours per kilo per liter per hour per hour 2. Compute the materials price and quantity variances for each material. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance).) Direct Materials Materials price v Materials quantity variance I X442 ariance Direct Materials Materials price v Materials quantity variance I Y661 ariance 3. Compute the labor rate and efficiency variances for each operation. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance).) Direct Labor Variances Sintering Labor rate variance Labor efficiency variance ring: Direct Labor Variances-Finishing Labor rate variance Labor efficiency variance