Problem 10-10 Multiple Products, Materials, and Processes (LO10-1, LO10-2] Mickley Corporation produces two products, Alphabs 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 Alphab Zeta Raw Material X442 7661 2.5 kilos 2.5 liters 4.5 kilos 5.0 liters Standard Labor Time Sintering Finishing 0.10 hours 1.00 hours 0.30 hours 1.20 hours Information relating to materials purchased and materials used in production during May follows: Purchase Material Purchases 15,200 kilos 16,200 liters Standard Price $2.60 per kilo $1.60 per liter $42,560 $24,300 Used in Production 9,7ee kilos 14.200 liters 7661 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 $21.00 per hour in Finishing c. During May, 1.320 direct labor hours were worked in Sintering at a total labor cost of $31,680, and 2.970 direct labor hours were worked in Finishing at a total labor cost of $68,310 d. Production during May was 1,800 Alpha6s and 1,200 Zetas. Required: 1. Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor z 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. 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.) a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $23.00 per hour in Sintering and $21.00 per hour in Finishing c. During May, 1.320 direct labor-hours were worked in Sintering at a total labor cost of $31,680, and 2,970 direct labor hours were worked in Finishing at a total labor cost of $68,310. d. Production during May was 1.800 Alphabs and 1,200 Zeta7s. points 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. 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 per kilo per hour per hour $ 0.00 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 per hour per hour Req2 > a. The company recognizes price variances when materials are purchased b. The standard labor rate is $23.00 per hour in Sintering and $2100 per hour in Finishing c. During May, 1.320 direct labor hours were worked in Sintering at a total labor cost of S3160 and 2970 direct labor how worked in Finishing at a total labor cost of $68,310. d. Production during May was 1.800 Alphabs and 1.200 Zeta7s. points 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. References Req1 Reg 2 Reg 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 Reg 3 >