Mickley Corporation produces two products, Alphabs 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): Product Alphab Zeta Raw Material X442 Y661 1.5 kilos 2.0 liters 3.5 kilos 4.0 liters Standard Labor Time Sintering Finishing 0.20 hours 0.80 hours 0.40 hours 0.90 hours Information relating to materials purchased and materials used in production during May follows: Material X4A2 Y661 Purchases 14,300 kilos 15,300 liters Purchase Cost $ 57,200 $ 24,480 Standard Price $ 3.80 per kilo $ 1.70 per liter Used in Production 8,800 kilos 13,300 liters The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $20.00 per hour in Sintering and $18.50 per hour in Finishing. c. During May, 1,300 direct labor-hours were worked in Sintering at a total lbor cost of $29,640, and 2,880 direct labor-hours were worked in Finishing at a total labor cost of $59,040. d. Production during May was 1,800 Alphaos and 1,800 Zeta7s. Reg 1 Reg 2 Reg 3 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.) Standard Quantity or Hours Standard Price or Rate Standard Cost kilos Alpha: Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing per kilo liters hours per liter per hour hours Total per hour Zeta7: Direct materials-X442 kilos liters Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total per kilo per liter per hour hours hours per hour Req 1 Reg 2 Reg 3 Compute the materials price and quantity variances for each material. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Direct Materials Variances Material X442: Materials price variance Materials quantity variance Direct Materials Variances Material Y661: Materials price variance Materials quantity variance