Mickloy Corporation procduces two products, Alphobs and Zeta7s, which puss through two operations, Sinterin and Firishing. Ench of Mhe products uses two row moterials-X442 and Y66. The compony uses o standard cost system, with the following standards fot each product fon a per unit basis): Information relating to materials purchased and materials used in production during May follows: The following odditional information is ovaliable: a. The company recognizes price variances when materials are purchased. b. The 5 tandard labor rate is $22.00 per hour in Sintering and $21.00 per hour in Finishing. c. Duning May, 1,220 direct labor-hours were worked in Sintering at a total labor cost of $28,060, and 2,930 direct labor-hours were Worked in Finishing at a total fabor cost of $67,390 d. Production during May was 2,300 Alpha6s and 1,600 Zeta7s. Required: 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 cach operation. Complete this question by entering your answers in the tabs below. Complote this question by entering your answors In the tabe below. Camplete the standard cost card for each product, showing the standard cost of direct materials and direct labor. (Round your answers to 2 decimat places.) Compute the materials price and quantity variances for each material. (Indleate the effect of each variance by selec favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Input all amounts as positive values. 3. Compute the Labor rate and officiency varancos for and op opation complote this auestion by entering your answeru lis the tabs bulow