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Please use boxes. Problem 10-10 Multlple Products, Materials, and Processes [LO10-1, LO10-21 Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations,
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Problem 10-10 Multlple Products, Materials, and Processes [LO10-1, LO10-21 Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and FInishing. Each of the products uses two raw materlals, X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unlt basls): Raw Materlal 442 Standard Labor Time Product Alpha6 Zeta7 ntering Finishing 25 kllos 25 lters 020 hours 0.90 hours 4.5 kilos 3.5 llters 030 hours 1.20 hours Information relating to materlals purchased and materlals used In production during May follows. Purchase Standard Used In Materal Purchases Production X442 15,000 klos $39,000 $240 per kllo 9,500 kllos 14.000 liters Cost Price Y661 6000 iters $20.800 140r The following additional Information Is avallable: a. The company recognizes price varlances when materlals are purchased. The standard labor rate Is $23.00 per hour in Sintering and $20.00 per hour In D. Finishing. c. During May. 1300 dlrect labor-hours were worked In Sintering at a total labor cost of $30,550, and 2,950 dlrect labor-hours were worked In Finishing at a total labor cost of $64,900. d. Production during May was 1,600 Alpha6s and 1,300 Zeta7s. Requied: 1. Complete the standard cost card for each product, showing the standard cost of dlrect materals and direct labor. (Round your answers to 2 decimal places.)Step by Step Solution
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