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 Alpha6 Zeta7 Raw Material X442 1.2 kilos 3.0 kilos Y661 2.0 liters 4.0 liters Information relating to materials purchased and materials used in production during May follows: Material X442 Y661 Purchases Standard Labor Time Sintering 0.40 hours 0.10 hours Purchase Cost $ 60,900 $ 27,900 Finishing 0.80 hours 0.60 hours Standard Price $ 4.00 per kilo $ 1.90 per liter Used in Production 9,000 kilos 13,500 liters 14,500 kilos 15,500 liters 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. 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.

Mickiley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Fintshing. Each of the products uses two raw materials - X442 and Y661. The company uses a standard cost system, with the followng standards for each product (on a per unit basis): Information relating to materials purchased and materials used in production duning May follows: The following odditonal information is avaltable: a. The company recognizes price variances when materials are purchased. b. The standard lobor 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. Productuon during May was 2.000 Alpha6s and 2.250 Zeta7s Required: 1. Complete the standard cost card for each product, showing the standard cost of direct matenais and direct labor Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. Note: Round your answers to 2 decimal places. a. The company recognizes price variances when matenals are purchased. b. The standard labor rate is $2100 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. Requlred: 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 below. Compute the materials price and quantity variances for each material. Notet Indicate the effect of each variance by selecting "f for favorable. " U " for unfavorable, and "None" for no etfect (i.e." zero variance). Input all amounts as positive values. 1. Complete the standard cost card for each product, showing the standard cost of direct materlals and direct labor. 2 Compute the materials price and quantity variances for each material. 3. Compute the labor rate and efficlency variances for each operation. Complete this question by entering your answers in the tabs below. Compute the labor rate and efficiency variances for each operation. Note: Indicate the effect of each variance by selecting "Fif for favorable, Wo" for unfavorable. zero variance). Input all amounts as positive yatues