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Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of. the products uses two raw materials -

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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): Information relating to materlals purchased and materials used in production during May follows: The following additional inforntation is wallable: 0. The company recognizes price variances when materials are purchased b. The standard labor rote is $23.00 per hour in Sintering and $21.50 per hour in Finishing c. Duing May, 1,450 direct labor hours were worked in Sintering at a total labor cost of $35,090, and 3,020 direct labor.hours were workhd in Finishing at a lotal labor cost of $70,970 d. Production during May was 2.300 Alpha6s and 700 Zeta7s. Required: 1. Complete the standard cost card foc each product, showing the standard cost of direct materials and alvect labot. 2 Compute the materals price and quantity variances for each material. 3 Compute the labor rate and efficiency vatlances for each operation. 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.) 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): Information relating to materlals purchased and materials used in production during May follows: The following additional inforntation is wallable: 0. The company recognizes price variances when materials are purchased b. The standard labor rote is $23.00 per hour in Sintering and $21.50 per hour in Finishing c. Duing May, 1,450 direct labor hours were worked in Sintering at a total labor cost of $35,090, and 3,020 direct labor.hours were workhd in Finishing at a lotal labor cost of $70,970 d. Production during May was 2.300 Alpha6s and 700 Zeta7s. Required: 1. Complete the standard cost card foc each product, showing the standard cost of direct materials and alvect labot. 2 Compute the materals price and quantity variances for each material. 3 Compute the labor rate and efficiency vatlances for each operation. 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.)

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