Problem 11-16 Multiple Products, Materials, and Processes[LO11-1, LO11-2] Monte Rosa Corporation produces two products,Alpha8s and Zeta9s, which pass through two operations, Sinteringand Finishing. Each of the products uses two raw materials, X342and Y561. The company uses a standard cost system, with thefollowing standards for each product (on a per unit basis):

	Raw Material		Standard Labor Time
Product	X342	Y561		Sintering	Finishing
    Alpha8	1.8 kilos	2.0 liters		0.20 hours	0.80 hours
    Zeta9	3.0 kilos	4.5 liters		0.35 hours	0.90 hours

Information relating to materials purchased and materials usedin production during May follows: Material Purchases Purchase Cost Standard Price Used in Production     X342 14,000 kilos $51,800 $3.50 per kilo 8,500 kilos     Y561 15,000 liters $19,500 $1.40 per liter 13,000 liters  Â

The following additional information isavailable:
a.	The company recognizes price variances when materials arepurchased.
b.	The standard labor rate is $20.00 per hour in Sintering and$19.00 per hour in Finishing.
c.	During May, 1,200 direct labor-hours were worked in Sinteringat a total labor cost of $27,000, and 2,850 direct labor-hours wereworked in Finishing at a total labor cost of $59,850.
d.	Production during May was 1,500 Alpha8s and 2,000 Zeta9s.

    

Required:
1.	Complete the standard cost card for each product, showing thestandard cost of direct materials and direct labor. (Roundyour answers to 2 decimal places.)

  

Standard Quantity or Hours Standard Price or Rate Standard Cost Alpha8: Direct materials-X342 1.80 kilos $3.50 per kilo $6.30 Direct materials-Y561 2.00 liters $1.40 per liter 2.80 Direct labor-Sintering 0.20 hours $20.00 per hour 4.00 Direct labor-Finishing 0.80 hours $19.00 per hour 15.20 Total $28.30 Zeta9: Direct materials-X342 3.00 kilos $3.50 per kilo $10.50 Direct materials-Y561 4.50 liters $1.40 per liter 6.30 Direct labor-Sintering 0.35 hours $20.00 per hour 7.00 Direct labor-Finishing 0.90 hours $19.00 per hour 17.10 Total $40.90

2.	Compute the materials quantity and price variances for eachmaterial. (Indicate the effect of each variance byselecting \"F\" for favorable, \"U\" for unfavorable, and \"None\" for noeffect (i.e., zero variance). Round your answers to 2 decimalplaces.)

	Direct Materials Variances—MaterialX342: Standard Rate − Actual Rate × Actual Quantity = Variance Materials price variance 0 − × = Variance Materials quantity variance Direct Materials Variances—MaterialY561: − × = Variance Materials price variance − × = Variance Materials quantityvariance

3.	Compute the direct labor efficiency and rate variances for eachoperation. (Indicate the effect of each variance byselecting \"F\" for favorable, \"U\" for unfavorable, and \"None\" for noeffect (i.e., zero variance). Round your answers to 2 decimalplaces.)

	Direct Labor Variances—Sintering:    −    ×    = Variance Labor rate variance − × = Variance Labor efficiency variance Direct Labor Variances—Finishing: − × = Variance Labor rate variance − × = Variance Labor efficiencyvariance