Problem 9-21 (Algo) Multiple Products, Materials, and Processes [LO9-4, LO9-5] 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 X442 Standard Labor Time Sintering Finishing Product Alpha6 Zeta7 Y661 2.5 kilos 2.5 liters 4.5 kilos 5.5 liters 0.40 hours 1.20 hours 0.40 hours 0.80 hours Information relating to materials purchased and materials used in production during May follows: Purchase Cost Material X442 Y661 Purchases 15,400 kilos 16,400 liters $ 46,200 Standard Price $ 2.80 per kilo $ 27,880 $ 1.80 per liter Used in Production 9,900 kilos 14,400 liters The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $21.00 per hour in Sintering and $20.00 per hour in Finishing, c. During May, 1,350 direct labor-hours were worked in Sintering at a total labor cost of $33,210, and 2,990 direct labor-hours were worked in Finishing at a total labor cost of $65,78b. d. Production during May was 2,000 Alpha6s and 1,200 Zeta7s.