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 standards for each product (on a per unit basis) are as follows: Standard Labor Time Sintering Raw Material Product Alpha6 Zeta7 X442 Y661 Finishing 2.5 kilos 2.5 liters 4.5 kilos 5.0 liters 0.10 hours 1.00 hours 0.30 hours 1.20 hours Information relating to materials purchased and used in production during May follows: Material X442 Purchases 15,200 kilos 16,200 liters Purchase Cost $ 42,560 $ 24,300 Standard Price $ 2.60 per kilo $ 1.60 per liter Used in Production 9,700 kilos 14,200 liters Y661 The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $23.00 per hour in Sintering and $21.00 per hour in Finishing. c. During May, 1,320 direct labor-hours were worked in Sintering at a total labor cost of $31,680, and 2,970 direct labor-hours were worked in Finishing at a total labor cost of $68,310. d. Production during May was 1,800 Alpha6s and 1,200 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. Note: Round your answers to 2 decimal places. Standard Quantity or Hours Standard Price or Rate Standard Cost Alpha6: Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total 2.50 kilos per kilo liters per liter hours per hour hours per hour $ 0.00 Zeta7: Direct materials-X442 kilos per kilo Direct materials-Y661 liters per liter Direct labor-Sintering hours per hour Direct labor-Finishing hours per hour Total $ 0.00 Required 1. Required 2