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 Product Alphab 2.5 Iners 5.5 Iners 1.20 hours 2.5 kilos 4.5 kilos 0.40 hours 0.40 hours 080 hours Information relating to materials purchased and materials used in production during May follows Used in Purchases 15,400 kilo8 16,400 liters Cost 46.200 $2.80 per klo 27880 $1.80 per iter Price 1442 661 9.900 kilos 14.400 liters a. The company recognizes price variances when b. The standard labor rate is $21.00 per hour in c. During May, 1,350 direct labor-hours were worked in The following additional information is available materials are purchased Sintering and $20.00 per hour in Finishing Sintering at a total labor cost of $33,210, and 2,990 direct labor-hours were worked in Finishing at a total labor cost of $65,780. d. Production during May was 2,000 Alpha6s and 1,200 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.) Price or Rate Alphab Direct materials X442 Direct materials-Y661 kilos per kilo per liter hour liters 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.) or Hours Price or Rate Alphab Direct materials-X442 Direct materials Y661 Direct labor Sintering Direct labor-Finishing Total kilos iters hours per kilo per iter er hour per hour Zeta7 Direct materials-X442 Direct materials-Y661 kilos per kolo per liter per hour per hour Direct labor-Finishing Total hours 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 variance Materisls quantity variance Direct Meterials Veriances-Meterial Y661 Materials price variance Materials quantity variance 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 etficiency variance Direct Labor Variances-Finishing Labor rate variance Labor emicileney variance