ssignment#2 i Saved Problem 9-21 Multiple Products, Materials, and Processes [LO9-4, LO9-5] 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): Product Alphab Zetal Raw Material Standard Labor Time X442 1.8 kilos 3.0 kilos Y661 2.0 liters 4.5 liters Sintering 0.20 hours Finishing 0.80 hours 0.35 hours 0.90 hours Information relating to materials purchased and materials used in production during May follows: Standard Price Used in Production 8,500 kilos Material Purchases X442 Y661 Purchase Cost 14,500 kilos $52,200 15,500 liters $20,925 $3.50 per kilo $1.40 per liter 13,000 liters The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $19.80 per hour in Sintering and $19.20 per hour in Finishing. c. During May, 1,200 direct labor-hours were worked in Sintering at a total labor cost of $27,000, and 2,850 direct labor-hours were worked in Finishing at a total labor cost of $59,850. d. Production during May was 1,500 Alpha6s and 2.000 Zeta7s. Required: < Prev 11 of 11 Next