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 Y661 Sintering Finishing Alpha 3.8 kilos 2.5 liters 0.30 hours 1.20 hours Zeta 4.8 kilos 4.5 liters 8.30 hours 0.70 hours X442 Information relating to materials purchased and materials used in production during May follows: Purchase Standard Used in Material Purchases Cost Price Production X442 15,600 kilos 549,920 $3.00 per kito 10,100 kilos 661 16,600 liters $24,900 $1.60 per liter 14,688 uiters The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $22.00 per hour in Sintering and $2100 per hour in Finishing During May. 1.400 direct labor-hours were worked in Sintering at a total labor cost of $33,740, and 3,010 direct labor-hours were d. Production during May was 2.200 Alphabs and 1,000 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 hy enterin