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). Raw Material Standard Labor Time Product X442 Sintering Finishing Alpha 3.0 kilos 2.0 liters 0.30 hours 1.20 hours Zeta 5.0 kilos 4.0 liters 0.4 hours 1.20 hours 7661 Information relating to materials purchased and materials used in production during May follows Material X442 Y661 Purchase Purchases Cost 14,900 kilos $37,250 19,900 liters $19.00 Standard Price $2.30 per kilo $1.30 per liter Used in Production 9.400 kilos 1,900 liters 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 Sinteting and $19.50 per hour in Finishing During May, 1,250 direct labor hours were worked in Sintering at a total labor cost of $29.000, and 2940 direct labor hours were worked in Finishing at a total labor cost of $63,210. d. Production during May was 1.500 Alphaos and 1.000 Zeta7s. 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 (le, zero variance). Input all amounts as positive values.) Direct Materials Variances--Material X442 Materials price variance Materials quantity variance Direct Materials Variances-Material Y651 Materials price variance Materials quantity variance Compute the labor rate and efficiency variances for each operation. Indicate the effect of each variance by selecting "F" for favorable, "O" for unfavorable, and "None" for no effect (ezero variance), Input all amounts as positive values.) Direct Labor Variances. Sintering Labor rate variance Labor efficiency variance Direct Labor Variances Finishing Labor rate variance Labor officiency vatiance Dalad