ch 10 q 2

ST Problem 10-10 Multiple Products, Materials, and Processes (LO10-1, LO10-2] Mickley Corporation produces two products, Alphaos 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 Alpha 6 Zeta Raw Material X442 Y661 2.5 kilos 2.5 liters 4.5 kilos 3.5 liters Standard Labor Tine Sintering Finishing e.ze hours 0.90 hours e.se hours 1.20 hours Information relating to materials purchased and materials used in production during May follows: Material X442 7661 Purchases 15, eee kilos 16,eee liters Purchase Cost $39, eee $2e, see Standard Price $2.40 per kilo $1.40 per liter used in Production 9,500 kilos 14,eee liters The following additional Information is available: a. The company recognizes price variances when materials are purchased b. The standard labor rate is $23.00 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 $30.550, and 2.950 direct labor-hours were worked in Finishing at a total labor cost of $64.900. d. Production during May was 1.600 Alphabs and 1,300 Zetas. 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 varlances for each operation. Complete this question by entering your answers in the tabs below. 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.) Standard Quantity or Hours Standard Price or Rate Standard Cost kilos per kilo Alpha: Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing pers per liter hours per hour per hour hours