Multiple Products Materials and Processes

5.00 points Problem 8-21A Multiple Products, Materials, and Processes [LO8-4, LO8-5] Mickley Corporation produces two products, Alpha6s 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 Alpha6 Zeta? X442 3.0 kilos 4.0 kilos Y661 2.5 liters0.30 hours 4.5 liters0.30 hours Finishing 1.20 hours 0.70 hours Sintering Information relating to materials purchased and materials used in production during May follows: Material X442 Y661 Purchases 15,600 kilos 16,600 liters Purchase Cost $49,920 $24,900 Standard Price $3.00 per kilo $1.60 per liter Used in Production 10,100 kilos 14,600 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 $21.00 per hour in Finishing. c. 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 worked in Finishing at a total labor cost of $69,230. Production during May was 2,200 Alpha6s and 1,000 Zeta7s. d