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 X442 Product Alpha6 Zeta? Y661 liters liters Standard Labor Time Sintering Finishing 1.20 hours 0.70 hours 2.5 0.30 hours 0.30 hours kilos 4.0 kilos 4.5 Information relating to materials purchased and materials used in production during May follows: Purchase Standard Used in terial Purchases cost Price Production x442 15,600 kilos $49,90 3.0io Y661 16,600 liters $24,900 1.6 ter 1 per 10,100 kilos 10,100 kilos per 14,600liters 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 $21.00 per hour in Finishing c. During May, 1,400 direct labor-hours were worked in Sintering at a total labor cost of $33,740, and 3,010 direct labor- hours were worked in Finishing at a total labor cost of $69,230. d. Production during May was 2,200 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 efficlency variances for each operation