Mickley Corporation produces two products, Apha6s and Zeta75, which pass through two operations, Sintering and Finishing Each of the prodicts 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 basist: Informabion telating to materals purchased and materials used in production during May follows: The foliowing additiona inforthation is available: a. The compony recognires price variances when materals are purchased b. The standard labor rate is $21.00 per hour in Sintering and $19.50 per hour in Finishing c. During May. 1.50 direct labor-hours were worked in Sntering at a total labor cost of $28750, and 2.900 direct labor-hours were worked in Finthing ot a total labor cost of $62350 d. Production duning May was 2.000 Apha6s and 2.250Zeta75 Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. 2. Compute the materias price and quantity variances for each materiat. 3. Compute the labor rate and efficiency variances for each operation Cemplete thits question by entering vour anwers is the tabs below. Complete the standard oost card for nach groduct, showing the standard cost of direct materials and direct bber. Finte: Ruand youe aniwers to 2 decisat places. 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 by entering your answers in the tabs below. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor: Note: Round your answers to 2 decimal places. c. Vuring May, 1,230 direct labor-hours were worked in sintering at a total labor cost of $28,/30, and 2,900 direct labor-hours were worked in Finishing at a total labor cost of $62,350. d. Production during May was 2,000 Alphabs and 2,250 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 by entering your answers in the tabs below. Compute the materials price and quantity variances for each material. Note: 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. c During May, 1,2b0 direct labor-hours were worked in Sintering at a total labor cost of $28,150, and 2,400 direct labor-hours were worked in Finishing at a total labor cost of $62,350. d. Production during May was 2,000 Alpha6s and 2,250 Zeta75. 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 by entering your answers in the tabs below. Compute the labor rate and efficiency variances for each operation. Note: 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
