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 Material X442 Y661 X442 1.8 kilos 4.4 kilos Y661 Product Alpha6 Zeta7 2.4 liters 4.4 liters Information relating to materials purchased and materials used in production during May follows: Used in Production 9,600 kilos 14,100 liters Purchases Standard Labor Time Finishing 1.20 hours 0.80 hours Sintering 0.20 hours 0.40 hours Purchase Cost $ 40,770 $ 22,540 Standard Price $ 2.50 per kilo $ 1.50 per liter 15,100 kilos 16,100 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 $21.50 per hour in Finishing. c. During May, 1,300 direct labor-hours were worked in Sintering at a total labor cost of $30,680, and 2,960 direct labor- hours were worked in Finishing at a total labor cost of $69,560. d. Production during May was 1,700 Alpha6s and 1,550 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.

Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finlshing. Each of the products uses two raw materials - X442 and Y661. The company uses a standard cost system, witi the following standards for each product (on a per unit basis): Information relating to materials purchased and materials used in production during May follows: 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 $21.50 per hour in Finishing. c. During May, 1,300 direct labor-hours were worked in Sintering at a total labor cost of $30,680, and 2,960 direct laborhours were worked in Finishing at a total labor cost of $69,560. d. Production during Moy was 1,700 Alpha6s and 1,550 Zeta75. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labos 2. Compute the materials price and quantity variances for each moterial. 3. Compute the labor rate and efficiency variances for each operation