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 Alpha 6 Teta? Raw Material X442 Y661 2.0 kilos 3.4 liters 4.0 kilo 5.0 liters Standard Labor ise Sintering Finishing 0.20 hours 0.80 hours 0.25 hours 0.90 hours Information relating to materials purchased and materials used in production during May follows: Material X442 Y661 Purchase Purchases Cont 15,900 kilos $55,650 16,900 liters $23, 660 Standard Price $3.50 per kilo $1.50 per liter Vood in Production 10,400 kilo 15,800 liter 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 $20,50 per hour in Finishing c. During May, 1,300 direct labor hours were worked in Sintering at a tota labor cost of $31720, and 3.040 direct labor-hours were worked in Finishing at a total labor cost of $68,400. d. Production during May was 2,500 Alpha6s and 1,400 Zeto7s. 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 Camnlate this nuestion by entering your answers in the tabs below. 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 Rato Standard Cont kilon Mers 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 Zota: Direct materials-X442 Direct materials-Y861 Direct labor-Sintering Direct labor Finishing Total kilos liters hours per kilo per liter per hour per hour hours Req2> Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Compute the materials price and quantity variances for each material. (Indicate the effect of each variance by selecting" for favorable "U" for unfavorable, and "None" for no effect. Zero varianco), 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 Req1 Reg 3 > Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req3 Compute the labor rate and efficiency variances for each operation. (Indicate the effect of each variance by selecting "F" for favorable, "Ufor unfavorable, and "None" for no effect (l.e. zero 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 efficiency variance