Problem 9-21 Multiple Products, Materials, and Processes (L09-4, LO9-5) 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 Y66. The company uses a standard cost system, with the following standards for each product on a per unit basis: Raw Material Standard Labor Time Product X442 Y661 Sintering Finishing 2.@ 1.5 Alphab 0.10 0.80 kilos liters hours hours 3. 2.5 Zeta 8.45 8.90 kilos liters hours hours Cost Information relating to materials purchased and materials used in production during May follows: Purchase Standard Used in Material Purchases Price Production X442 14,800 kilos $66,600 $4.30 per 9,380 kilos Y661 15,860 liters $23,780 $1.60 Liter13,890 liters kilo per The following additional information is available: a. The company recognizes price variances 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 labor-hours were worked in Finishing at a total labor cost of $67,390. d. Production during May was 2,300 Alphabs and 1,600 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 varlances for each material 3. Compute the labor rate and efficiency variances for each operation. 1 Complete this question by entering your answers in the tabs below. Required Required Required 2 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 Standard Quantity or Price or Standard Cost Hours Rate kilos liters per kilo per liter per hour hours hours per hour $ 0.00 Alpha Direct materials -X442 Direct materials -Y661 Direct labore Sintering Direct labor- Finishing Total Zeta: Direct materials -X442 Direct materials --Y661 Direct labor- Sintering Direct labor Finishing Total kilos liters per kilo per liter per hour per hour hours hours S 0.00 Complete this question by entering your answers in the tabs below. Required Required Required 1 2 3 Compute the labor rate and efficiency variances for each operation. (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.) Show less Direct Labor Variances Sintering: Labor rate variance Labor efficiency variance Direct Labor Variances Finishing: Labor rate variance Labor efficiency variance