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table [ [ , Raw Material,Standard Labor Time ] , [ Product , X 4 4 2 , Y 6 6 1 , Sintering,Finishing

\table[[,Raw Material,Standard Labor Time],[Product,X442,Y661,Sintering,Finishing],[Alpha6,2.0 kilos,1.4 liters,0.50 hours,0.90 hours],[Zeta7,4.0 kilos,3.4 liters,0.10 hours,0.90 hours]]
Information relating to materials purchased and materials used in production during May follows:
\table[[,Purchase],[Material,Purchases,Cost,Standard Price,Used in Production],[X442,14,600 kilos,$62,780,$4.10 per kilo,9,100 kilos],[Y661,15,600 liters,$21,840,$1.50 per 1iter,13,600 liters]]
The following additional information is available:
a. The company recognizes price variances when materials are purchased.
b. The standard labor rate is $15.00 per hour in Sintering and $20.00 per hour in Finishing.
c. During May, 1,300 direct labor-hours were worked in Sintering at a total labor cost of $30,030, and 2,910 direct labor-ho worked in Finishing at a total labor cost of $64,020.
d. Production during May was 2,100 Alpha6s and 1,300 Zeta7s.
Required:
Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor.
Compute the materials price and quantity variances for each material.
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, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
\table[[Direct Labor Variances-Sintering:,,],[Labor rate variance,,],[Labor efficiency variance,,],[Direct Labor Variances-Finishing:,,],[Labor rate variance,,],[Labor efficiency variance,,]]
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