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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 Alpha 6 Zeta Raw Material %442 7661 3.0 kilo 3.0 liter 5.0 kilos 5.0 liters Senad Labor Time Sintering Finishing 0.30 hours 1.10 hours 0.40 hours 1.20 hours Information relating to materials purchased and materials used in production during May follows: Material X442 Y661 Purchase Purchase Cost 15.300 kilos 44,379 26, 300 liters 926, 080 Standard Pride 02.70 per kilo 01.70 per liter Used 15 Produccion 9. BOD kilos 14, 300 liters 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 Alphabs 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 Complete this question by entering your answers in the tabs below. Reg 1 Reg2 Raq 3 L o t di materials and direct lahor Round Reg 1 Reg 2 Req3 Complete the standard cost card for each product, showing the standard cost of direct mate your answers to 2 decimal places.) Standard Quantity or Hours Standard Price or Rate Standard Cost kilos liters per kilo per liter per hour per hour hours hours Alpha: Direct materials-X442 Direct materials-Y661 Direct labor-Sintering Direct labor-Finishing Total Zeta Direct materials-X442 Direct materials-9661 Direct labor-Sinteting Direct labor-Finishing Total kilos liters hours hours per kilo per liter per hour per hour Req 2 > M CHC vardnices in each operation. Complete this question by entering your answers in the tabs belor ences Reg 1 Reg 2 Reg 3 Compute the materials price and quantity variances for each material. In for favorable, "U" for unfavorable, and "None" for no effect i.e., zero vari Direct Materials Variances-Material X442 Materials price variance Materials quantity variance Direct Materials Variances-Material Y661: Materials price variance Materials quantity variance