Question: <a href=Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations …” />

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Question: Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations ...

Question: Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations ...

Show transcribed image text 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) Raw Material Standard Labor Time X442 Product Y661 Sintering Finishing Alpha6 1.2 kilos 2.0 liters 0.40 hours 0.80 hours Zeta7 3.0 kilos 4.0 liters 0.10 hours 0.60 hours Information relating to materials purchased and materials used in production during May follows: Purchase Standard Used in Material Purchases Cost Price Production 4.500 kilos $60,900 $4.00 per kilo X442 9,000 kilos Y661 15,500 liters $27,900 $1.90 per liter 13.500 liters The following additional information is available: a. The company recognizes price variances when materials are purchased b. The standard labor rate is $21.00 per hour in Sintering and $19.50 per hour in Finishing C. During May, 1,250 direct labor-hours were worked in Sintering at a total labor cost of$28,750, and 2,900 direct labor-hours were worked in Finishing at a total labor cost of $62,350. d. Production during May was 2,000 Alpha6s and 2,250 Zeta 7s.

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) Raw Material Standard Labor Time X442 Product Y661 Sintering Finishing Alpha6 1.2 kilos 2.0 liters 0.40 hours 0.80 hours Zeta7 3.0 kilos 4.0 liters 0.10 hours 0.60 hours Information relating to materials purchased and materials used in production during May follows: Purchase Standard Used in Material Purchases Cost Price Production 4.500 kilos $60,900 $4.00 per kilo X442 9,000 kilos Y661 15,500 liters $27,900 $1.90 per liter 13.500 liters The following additional information is available: a. The company recognizes price variances when materials are purchased b. The standard labor rate is $21.00 per hour in Sintering and $19.50 per hour in Finishing C. During May, 1,250 direct labor-hours were worked in Sintering at a total labor cost of$28,750, and 2,900 direct labor-hours were worked in Finishing at a total labor cost of $62,350. d. Production during May was 2,000 Alpha6s and 2,250 Zeta 7s.

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