4 Problem 10-10 (Algo) Multiple Products, Materials, and Processes (L010-1, L010-2) 3 points Mickley Corporation produces two products, Alphabs and Zeta/s, 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) Raw Material Standard Labor Time Product 2442 7661 Sintering Finishing Alpha 3.0 kilos 2.5 liters 0.30 hours 1.20 hours Zeta 4.0 kilos 4.5 liters 0.30 hours 0.0 hours Information relating to materials purchased and materials used in production during May follows Material X442 Y3 Purchase Purchases Cost 15.600 kilos 549.920 16.600 liters $24,000 Standard Price 13.00 per kilo $1.60 per liter used in Production 10,100 los 14,600 liters The following additional information is available The following additional information is available: nes a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $22.00 per hour in Sintering and $2100 per hour in Finishing 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 1000 Zeta7s. efook rences 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. Reg1 Reg 2 Rega Complete the standard cost card for each product, showing the standard cout of direct materials and direct labor. (Round your answers to 2 decimal places) 4 Reg 1 Reg 2 Reg 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.) 3 Doints Standard Quantity or Hours Standard Cost Price or Rate kilos References liters per kilo per liter per hour per hour hours hours Alpha 6 Direct materials X442 Direct materials Y661 Direct labor Sintering Direct labor Finishing Total Zeta Direct materials-X442 Direct materials-Y661 Direct labor Sintering Direct labor. Finishing Total | kilos icers hours hours per kilo per liter per hour per hour Req2 > 4 Req Reg 2 Rega Compute the materials price and quantity variances for each material (Indicate the effect of each varlance by selecting for favorable, "U" for unfavorable, and "None" for no effect (ie, zoro variance), toput all amounts as positive values.) 3 DOME Berences Direct Materials Varianice-Material X442 Materials price variance Materials quantity variance Direct Material Variances Material 661 Materials price variance Materials quantity Valance 4 Reg 1 Reg 2 Req 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 "Mone" for no effect (1. zero variance). Input all amounts as positive values.) 3 points bocs Direct Labor Variances-Sintering Laborrate variance Labor efficiency variance Direct Labor Variances-Finishing Laborrate variance Labor efficiency variance