Problem 10-10 Multiple Products, Materials, and Processes (L010-1, LO10-2] 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): 34 Product Alpha Zeta Raw Material X442 7661 3.8 kilos 3.2 liters 5.8 kilos 5.2 liters Standard Labor Time Sintering Finishing 8.30 hours 1.10 hours 8.4 hours 1.20 hours Information relating to materials purchased and materials used in production during May follows: Material X442 Y661 Purchases 15,300 kilos 16.300 liters Purchase Cost $44,370 $26,080 Standard Price 52.70 per kilo $1.7 per liter used in Production 9,820 kilos 14,388 11 ters ces The following additional Information is available: a. The company recognizes price variances when materials are purchased b. The standard labor rate is $23.00 per hour in Sintering and $21.50 per hour in Finishing c. During May 1,320 direct labor-hours were worked in Sintering at a total labor cost of $32,340, and 2980 direct labor-hours were worked in Finishing at a total labor cost of $70.030. d. Production during May was 1.900 Alphabs and 900 Zeta7s. 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 each operation Complete this question by entering your answers in the tabs below. Reg 1 R2 Red Complete the standard cost card for each product showing the standard cost of direct materials and direct labor Round your answers to 2 decima paces. Pre 5 THE d. Production during May was 1,900 Alphabs and 900 Zeta7s. 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 vartances for each operation. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 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 per kilo kilos liters per ter hours per hour per hour hours Alpha Direct materials-X442 Direct materials-Y861 Direct labor-Sintering Direct labor-Finishing Total Zeta 7 Direct materials-X442 Direct materials-Y881 Direct labor-Sitening Direct labor-Finishing Total kios Rers pero peter per hour per hour hours hours Reg 2 > Complete this question by entering your answers in the tabs below. Req 1 Req 2 Reg 3 Compute the materials price and quantity variances for each material. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect ile zero variance). Input all amounts as positive values.) Direct Materials Variances-Material X442 Materials price variance Materials quantity variance Direct Materials Variances-Material Y681: Materials price variance Materials quantity variance ( Req: Req3 > 2 Compute the materials price and quantity variances for each material 3. Compute the labor rate and efficiency variances for each operation Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Compute the labor rate and efficiency variances for each operation. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect lie. zero variance). Input all amounts as positive values.) Direct Labor Variances-Sintering Labor rate variance Labor efficiency variance Direct Labor Variances-Finishing Labor rate variance Labor efficiency variance