Monte Rosa Corporation produces two products, Alpha8s and Zeta9s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials, X342 and Y561. 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	X342	Y561		Sintering	Finishing
Alpha8	1.8 kilos	2.4 liters		0.20 hours	1.20 hours
Zeta9	4.4 kilos	4.4 liters		0.40 hours	0.80 hours

Information relating to materials purchased and materials used in production during May follows:

Material	Purchases	Purchase Cost	Standard Price		Used in Production
X342	15,100 kilos	$40,770	$2.50	per kilo	9,600	kilos
Y561	16,100 liters	$22,540	$1.50	per liter	14,100	liters

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 $21.50 per hour in Finishing.
c.	During May, 1,300 direct labor-hours were worked in Sintering at a total labor cost of $30,680, and 2,960 direct labor-hours were worked in Finishing at a total labor cost of $69,560.
d.	Production during May was 1,700 Alpha8s and 1,550 Zeta9s.

Requied:

1.

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 Rate		Standard Cost
Alpha8:
Direct materials-X342		kilos		per kilo
Direct materials-Y561		liters		per liter
Direct labor-Sintering		hours		per hour
Direct labor-Finishing		hours		per hour
Total					0
Zeta9:
Direct materials-X342		kilos		per kilo
Direct materials-Y561		liters		per liter
Direct labor-Sintering		hours		per hour
Direct labor-Finishing		hours		per hour
Total					0

2.	Compute the materials quantity and price variances for each material. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your answers to 2 decimal places.)

Direct Materials VariancesMaterial X342:
						=	Variance
Materials price variance							#NAME?
						=	Variance
Materials quantity variance							#NAME?
Direct Materials VariancesMaterial Y561:
						=	Variance
Materials price variance							#NAME?
						=	Variance
Materials quantity variance							#NAME?

3.	Compute the direct labor efficiency and rate variances for each operation. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your answers to 2 decimal places.)

Direct Labor VariancesSintering:
						=	Variance
Labor rate variance							#NAME?
						=	Variance
Labor efficiency variance							#NAME?
Direct Labor VariancesFinishing:
						=	Variance
Labor rate variance							#NAME?
						=	Variance
Labor efficiency variance							#NAME?