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 X442 2.0 kilos 4.0 kilos Y661 1.5 liters 3.0 liters Standard Labor Time Sintering Finishing 0.30 hours 0.90 hours 0.40 hours 1.00 hours Information relating to materials purchased and materials used in production during May follows: Material X442 Y661 Purchases 14,400 kilos 15,400 liters Purchase Cost $59,040 $26,180 Standard Price $3.90 per kilo $1.80 per Used In Production 8,900 kilos 13,400 liters The following additional Information is available: a. The company recognizes price variances when materials are purchased. The standard labor rate is $20.00 per hour in Sintering and $19.00 per hour in Finishing C. During May, 1,200 direct labor-hours were worked in Sintering at a total labor cost of 7,480, and 2.890 direct labor-hours were worked in Finishing at a total labor cost of $60,690. d. Production during May was 1,900 Alphabs and 1,300 Zeta7s. 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 kilos liters per kilo per liter per hour per hour hours hours Alphab: 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 liters per kilo per liter per hour hours hours per hour 2. Compute the materials price and quantity variances for each material. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e, zero variance).) Direct Materials VariancesMaterial X442 Materials price variance Materials quantity variance Direct Materials VariancesMaterial Y661: Materials price variance Materials quantity variance