Problem 10-10 Multiple Products, Materials, and Processes (LO10-1, LO10-2] Mickley Corporation produces two products, Alphabs 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): Product Alpha 6 Zeta7 Raw Material X442 Y 661 3.0 kilos 3.0 liters 5.0 kilos 5.0 liters Standard Labor Time Sintering Finishing 0.30 hours 1.10 hours 0.40 hours 120 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 $2.70 per kilo $170 per Used in Production 9.800 kilos 14,300 liters The following additional Information is available: a. The company recognizes price variances when materials are purchased 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 2.980 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 Zetas. Requled: 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 Alpha 6 Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Nirant lahnr.Finishing kilos liters per kilo per liter per hour Iner ha hours your GUIDWEIS LUUELE MIG URELE MIENTOS OU UNELLIOUS RUU Standard Quantity or Hours Standard Price or Rate Standard Cost kilos per kilo liters hours per liter per hour per hour hours Alpha 6 Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total Zeta: Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total kilos iters per kilo per liter per hour per hour hours hours 2. Compute the materials price and quantity variances for each material. (Input all amounts as positive values. Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e, zero varlance).) Direct Materials Variances-Material X442 Materials price variance Materials quantity variance Direct Materials Variances--Material Y661 Materials price variance Materials quantity variance Compute the labor rate and efficiency variances for each operation. (Input all amounts as positive values. Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e, zero varlance).) Direct Labor VariancesSintering: Labor rate variance Labor efficiency variance Direct Labor Variances-Finishing: Labor rate variance Labor efficiency variance
