Question: PLEASE ANSWER ALL THE QUESTION AS IT IS ONE QUESTION ALL TOGETHER, THANK YOU :) Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass



PLEASE ANSWER ALL THE QUESTION AS IT IS ONE QUESTION ALL TOGETHER, THANK YOU :)
Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materlals-X442 and Y661. The company uses a standard cost system with the following standards for each product (on a per unit basis): Raw Haterial Standard Labor tine sintering Finishing 2661 litera litera X442 2.0 1.5 0.80 Alpha6 kilos 3.0 0.45 0.90 Zeta7 Information relating to materlals purchased and materials used in production during May tollows: Purchase Standard Used in Naterial Purchases Cost 14,800 kiloa $66,600 $4.30m 15, 800 liters $23,701. 8442 kilo Per 13, 800 liters Y661 $1.60 jiter The following additional Information is available: a. The company recognizes price varlances when materials are purchased b. The standard labor rate is $22.00 per hour in Sintering and $21.00 per hour in Finishing. c. During May, 1,220 direct labor-hours were worked In Sintering at a total labor cost of $28,060, and 2,930 direct abor-hours were worked in Finishing at a tota labor cost of $67,390. d. Production during May was 2,300 Alpha6s and 1,600 Zeta7s. Required: 1 Complete the standard cost card for each product, showing the standard cost of direct materia's and direct labor. 2. Compute the materials price and quantity varlances for each material 3. Compute the labor rate and efficiency varlances for each operation
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