Problem 10-10 (Static) Multiple Products, Materials, and Processes [LO10-1, LO10-2] Mickley Corporaton produces two products, Apha6s and Zeta7s, which pess through two operations, Sintering and Finishing Each of the products uses two raw materials X442 and Y661. The company uses o standard cast system, with the following standards for ench product (on a per unit basis). Information releting to materials purchased and materials used in production during May fotiows The following additonal information is ovalabie a. The compary recognizes price variances when materials ace purchased b. The standard lebor late is $19.80 per hour in Sintering and $1920 per hour in finshing c. During May, 1,200 direct labor hours were worked in Simtering at a total labor cost of $27,000, and 2,850 direct labor-hours were worked in Finshing at a total sabor cost of $59.850 d. Production during May was 1.500 Apha6s and 2.000Zeta75 Aequired: 1 Complete the standerd cost card for each product, showng the standard cost of drect matenais and drect labor 2 Compute the materials price and quamty varances for eoch matertal 3 Compute the labor rate and efficlency variances tor each operation