Problem 9-21 Multiple Products, Materials, and Processes (L09-4, LO9-5) Mickley Corporation produces two products, Alphabs and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two row 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 Reta? RAV Material X442 7661 3.0 kilos 2.5 liter 4.0 kilon 4.5 liters Standard Labor Time Sintering Finishing 0.30 hours 1.20 hours 0.30 hours 0.70 hours Information relating to materials purchased and materials used in production during May follows: Purchase Standard Used in Material Purchases Cont Price Production X442 15,600 kilos $49,920 $3.00 per kilo 10,100 kilos Y661 16,600 liters $24.900 $1.60 per liter 14.600 1.tr The following additional Information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $22.00 per hour in Sintering and $21.00 per hour in Finishing c. During May, 1.400 direct labor hours were worked in Sintering at a total labor cost of $33,740, and 3,010 direct labor hours were worked in Finishing at a total labor cost of $69.230. d. Production during May was 2.200 Alpha6s and 1,000 Zeto7s. 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 *p* for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) $ 41.9250 Direct Materials Variances Material X442 Materials price variance Materials quantity variance Direct Materials Variances-Material Y661: Materials price variance Materials quantity variance Required 1 Required 3 > 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, *u* for unfavorable, and "None" for no effect (t.e., 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
