the products uses two raw materiats each proctuct (on a per unit bosis) Information relating to materials purchased and materials used in production during May follows: The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $21.00 per hour in Sintering and $19.50 per hour in Finishing. c. During May, 1,250 direct labor-hours were worked in Sintering at a total labor cost of $28,750, and 2,900 direct labor-hours we worked in Finishing at a total labor cost of $62,350. 1. Production during May was 2,000 Alpha6s and 2,250 Zeta7s. quired: Complete the standard cost card for each product, showing the standard cost of direct materials and direct labot. Compute the materials price and quantity variances for each material. compute the labor rate and efficiency variances for each operation. omplete this question by entering your answers in the tabs below