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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

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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): 7661 Product Alpha Zeta Raw Material X442 1.8 kilos 2.0 liters 3.0 kilos 4.5 liters Standard Labor Time Sintering Finishing 8.20 hours 0.80 hours 0.35 hours 0.90 hours Information relating to materials purchased and materials used in production during May follows: Material 442 VOG1 Purchase Purchases Cost 14,500 kilos $52,200 15,500 liters $20.925 Standard Price $3.50 per kilo $1.40 per liter Used in Production 8,500 kilos 13.000 liters The following additional information is available: a. The company recognizes price vacances when materials are purchased b. The standard labor rate is $19 80 per hour in Sintering and $19.20 per hour in Finishing During May, 1.200 direct labor hours were worked in Sintering at a total labor cost of $27000, and 2.850 direct laborehours were worked in Finishing at a total tabor cost of $59,850 d. Production during May was 1500 Alphas and 2.000 Zeta 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 answers to 2 decimal places.) Standard Quantity or Hours Standard Price or Rate Standard Cost kilos liters per kilo per liter per hour per hour hours hours Alpha 6 Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total Zeta Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total kilos liters hours hours per kilo per liter per hour per hour Required 1 Required 2 Required 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 (ie, 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 Required 1 Required 2 EXCELE Required 3 Compute the labor rate and efficiency variances for each operation. (Indicate the effect of each variance by selecting " favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Direct Labor Variances-Sintering Labor rate variance Labor efficiency variance Direct Labor Variances-Finishing Labor tate variance Labor efficiency variance

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