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Problem 10-10 Multiple Products, Materials, and Processes (LO10-1, LO10-2) Mickley Corporation produces two products, Alpha6s 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): Raw Material Y661 Product Alphab Zeta7 X442 3.0 kilos Standard Labor Time Finishing 1.10 hours Sintering 0.30 hours 3.0 liters 5.0 liters 5.0 kilos 0.40 hours: 1.20 hours Information elating to materials purchased and materials used in production during May follows: Purchase Cost Standard Price Materi X442 Y661 Purchases 15,300 kilos Used in Production 9,800 kilos 14,380 liters $44,370 16,300 liters $26,080 $2.70 per kilo $1.70 per liter 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 $21.50 per hour in Finishing. c. During May, 1,320 direct labor-hours were worked in Sintering at a total labor cost of $32,340, and 2,980 direct labor-hours were worked in Finishing at a total labor cost of $70,030, d. Production during May was 1,900 Alpha6s and 900 Zeta7s. 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. Req 1 Req 2 Req 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 Alpha6: Dirept materials-X442 kilos per kilo Direct materials-Y661 liters per liter Direct labor-Sintering hours per hour Direct labor-Finishing hours per hour Total Direct materials-X442 kilos Direct materials-Y661 liters Direct labor-Sintering hours hours Direct labor-Finishing Total Zeta7: per kilo per liter per hour per hour Res 1 Req 2 > Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Compute the materials price and quantity variances for each material. (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.) Direct Materials Variances-Material X442: Materials price variance Materials quantity variance Direct Materials Variances-Material Y661: Materials price variance Materials quantity variance Req 1 Req 3 >