Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materialsX442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis):

ProductRaw MaterialStandard Labor TimeX442Y661SinteringFinishingAlpha61.2 kilos2.0 liters0.40 hours0.80 hoursZeta73.0 kilos4.0 liters0.10 hours0.60 hours

Information relating to materials purchased and materials used in production during May follows:

MaterialPurchasesPurchase CostStandard PriceUsed in ProductionX44214,500kilos$ 60,900$ 4.00per kilo9,000kilosY66115,500liters$ 27,900$ 1.90per liter13,500liters

The following additional information is available:

1. The company recognizes price variances when materials are purchased.

The standard labor rate is $21.00 per hour in Sintering and $19.50 per hour in Finishing.

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.

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.

Required 1 Required 3 Complete the standard cost card for each product, showing the standard cost of direct materials and answers to 2 decimal places.)