Problem 9-21 (Algo) Multiple Products, Materials, and Processes (L09-4, LO9-5) Mickley Corporation produces two products. Alphabs and Zetays, 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 Zeta Hawa Hatario X442 4601 2.0 kilos 1.5 liters 4.0 kilos 3.0 liters Standard Labor Time Sincerit 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 X443 Y661 Purchases 14,400 kilos 15,400 liters Purchase Cost $ 59,040 326,180 Standard Price $ 3.90 per kilo $ 1.80 per liter Used in Production 8,900 kilos 13,400 litees The following additional Information is available a. The company recognizes price variances when materials are purchased. b. 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 $27.480, and 2.890 direct labor hours were worked in Finishing at a total labor cost of $60,690. d. Production during May was 1900 Alpha6s and 1,300 Zetas. a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $20.00 per hour in Slotering and $19.00 per hour in Finishing, During May. 1200 direct labor hours were worked in Sinteting at a total labor cost of $27480, and 2890 direct labot-hours were worked in Finishing at a total labor cost of $60.690 d Production during May was 1900 Alphabs and 1,300 Zeta7s. Required: 1 Complete the standard cost card for each product showing the standard cost of direct materials and direct lobor. 2. Compute the materials price and quantity variances for each material 3. Compute the labor rate and efficiency variances for each operation, HMIR Saved CYCU. 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. Required: Required 2 Required 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 kilos liters hours hours per kilo per liter per hour per hour $ 000 Alphab Direct materials-X442 Direct materials ---Y661 Direct labor Sintoning Direct labor-Finishing Total Zeta Direct materials-X442 Direct materials - Y661 Direct labor-Sintering Duect labor-Finishing Total kilos per kilo liters per der hours hours per hour per hour S 0.00 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. Required 1 Required 2 Required 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 ( zero variance). Input all amounts as positive volues.) Direct Materials Variances Material X442 Materials price variance Materials quantity variance Direct Materials Variances Material Y661 Materials price variance Matonals quantity variance ded Homework 6 Saved 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. Required 1 Required 2 Required 3 Compute the labor rate and efficiency variances for each operation (Indicate the effect of each variance by selecting "F" for favorable, "O" for unfavorable, and "None" for no effect ( zero variance), Input all amounts as positive values.) Direct Labor Variances Sintering Labor rate variance Labor efficiency variance Direct Labor Variances-Finishing Laborrate variance Labor efficiency vanance