Mickley Corporation produces two products, Alpha6s ond 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 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 $18.00 per hour in Sintering and $18.00 per hour in Finishing. c. During May, 1,250 direct labor-hours were worked in Sintering of a total labor cost of $28,250, and 2,860 direct labor-hours wore worked in Finishing at a total labor cost of $57,200. d. Production during May was 1,600 Alpha6s and 1,800 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. 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 materials purchased and materials used in production during May follows: The following additional information is avaliable: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $18.00 per hour in Sintering and $18.00 per hour in Finishing. c. During May. 1.250 direct labor-hours were worked in Sintering at a total labor cost of $28.250, and 2,860 direct labor-hours were worked in Finishing at a total labor cost of $57,200. d. Production during May was 1,600 Alpha6s and 1,800 Zeta75. Required: 1. Complete the stanidard 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. Compute the materials price and quantity variances for each material. (lndicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (L.e., zero variance). Input all amounts as positive values.) each orooust lan e per unit basid wotesed in firating ant total inber coer of \$51200 d. Produrt on duar, May wat 1600 Alchost wed 1800 zeta'r Aogeirect: 2. Cotpice the materiaf price and atrity vatatow for ent inutefa
