Mickley Corporation produces two products

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):

Information relating to materials purchased and materials used in production during May follows:

The following additional information is available:
a. The company recognizes price variances when materials are purchased.
b. The standard labor rate is $ 19.80 per hour in Sintering and $ 19.20 per hour in
Finishing.
c. During May, 1,200 direct labor-hours were worked in Sintering at a total labor
cost of $ 27,000, and 2,850 direct labor-hours were worked in Finishing at a total
labor cost of $ 59,850.
d. Production during May was 1,500 Alpha6s and 2,000 Zeta7s.
Required:
1. Prepare a 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 eachoperation.