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Monte Rosa Corporation produces two products, Alpha8s and Zeta9s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials, X342 and Y561. 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	X342	Y561		Sintering	Finishing
Alpha8	1.7 kilos	2.3 liters		0.15 hours	0.75 hours
Zeta9	2.7 kilos	4.4 liters		0.30 hours	0.85 hours

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

Material	Purchases	Purchase Cost	Standard Price		Used in Production
X342	14,000 kilos	$47,600	$3.2	per kilo	8,900	kilos
Y561	15,000 liters	$19,500	$1.4	per liter	14,000	liters

The following additional information is available:
a.	The company recognizes price variances when materials are purchased.
b.	The standard labor rate is $16 per hour in Sintering and $15 per hour in Finishing.
c.	During May, 1,300 direct labor-hours were worked in Sintering at a total labor cost of $24,050, and 2,860 direct labor-hours were worked in Finishing at a total labor cost of $48,620.
d.	Production during May was 1,300 Alpha8s and 1,800 Zeta9s.

Requied:
1.	Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. (Round your intermediate and final answers to 2 decimal places. Omit the "$" sign in your response.)

	Standard Cost
Alpha8:
Direct materials-X342	$
Direct materials-Y561
Direct labor-Sintering
Direct labor-Finishing
Total	$
Zeta9:
Direct materials-X342	$
Direct materials-Y561
Direct labor-Sintering
Direct labor-Finishing
Total	$

2.

Compute the materials quantity and price variances for each material. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Do not round intermediate calculations. Omit the "$" sign in your response.)

	Material X342		Material Y561
Materials quantity variance	$	(Click to select) None F U	$	(Click to select) None F U
Materials price variance	$	(Click to select) None F U	$	(Click to select) U F None

3.

Compute the direct labor efficiency and rate variances for each operation. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Do not round intermediate calculations. Omit the "$" sign in your response.)

	Sintering		Finishing
Labor efficiency variance	$	(Click to select) F None U	$	(Click to select) U None F
Labor rate variance	$	(Click to select) None U F	$	(Click to select) F U None

Accounting

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