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Need the left side of the problem to be done Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and
Need the left side of the problem to be done
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 Sintering 0.40 hours 0.35 hours Product Alpha6 Zeta? X442 2.5 kilos 4.5 kilos Y661 2.5 liters 4.5 liters Finishing 0.90 hours 0.80 hours Information relating to materials purchased and materials used in production during May follows Purchase Cost Standard Used in Price Material X442 Y661 16,000 kilos 17,000 liters 57,600 $3.40 per killo $25,500 $1.60 per liter 10,500 kilos 15,000 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 $34,300, and 3,050 direct labor-hours were worked in Finishing at a total labor cost of $70,150 d. Production during May was 2,600 Alpha6s and 1,000 Zeta7s. 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.) Stand Cost or Hours Price or Rate Alpha6 kilos 8.50per kilo liters $4.00 per liter hours8.80 per hour hours $18.90 per hour Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total S 0.00 kilos 15.30 per kilo liters $7.20 per liter hours 7.70 per hour hours$16.80 per hour Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total S 0.00Step by Step Solution
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