PER HOUR:

FIXED OVERHEAD (STANDARD): $6 PER HOUR

VARIABLE OVERHEAD (STANDARD): $12 PER HOUR

HOURS PER UNIT:

FIXED OVERHEAD (STANDARD): 2 HOURS PER UNIT

VARIABLE OVERHEAD (STANDARD): 2 HOURS PER UNIT

ACTUAL VARIABLE OVERHEAD : $101,000

ACTUAL FIXED OVERHEAD: $68,000

ACTUAL UNITS MANUFACTURED: $5,100 UNITS

THANK YOU!

Songsu Co. is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Direct Materials Direct Labor Standard Actual Standard Actual 8 $7 $17 $6 6 lbs 6 15 $14 4 lbs 4 10 2 2.5 hrs 2 hrs 0 0 Pounds Per Unit Price Per Pound Pounds Per Unit Price Per Pound Hours Per Unit Price Per Hour Hours Per Unit Price Per Hour Overhead - Standard Costs Overhead - Actual Costs $20 $15 Price Per Hour $10 Fixed Overhead $5 Actual Overhead Variable Overhead: $101,000 $0 8 hrs 6 hrs Variable Ovekhead Hours Per Unit 4 hrs 2 hrs da O hrs Fixed Overhead Variable Overhead Overhead - Standard Costs Overhead - Actual Costs $20 $15 Price Per Hour $10 Fixed Overhead $5 $169,000 $0 8 hrs 6 hrs Variable Overhead Hours Per Unit Actual Overhead Fixed Overhead: $68,000 4 hrs 2 hrs O hrs Fixed Overhead Variable Overhead Actual Units Manufactured # + ableau AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate 1. & 2. Compute the direct labor rate variance and direct labor efficiency variance. Indicate whether this cost variance is favorable, unfavorable or no variance. 3. & 4. Compute the variable overhead variance and fixed overhead variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Complete this question by entering your answers in the tabs below. Overhead - Standard Costs Overhead - Actual Costs $20 $15 Price Per Hour $10 da Fixed Overhead $5 $0 8 hrs Fixed Overhead (Standard). $6 per hour $ 160,000 $169,000 6 hrs Variable Overhead Hours Per Unit 4 hrs 2 hrs o Ohrs Fixed Overhead Variable Overhead Actual Units Manufactured tableau AH = Actual Hours SH - Standard Hours AR = Actual Rate SR = Standard Rate 1. & 2. Compute the direct labor rate variance and direct labor efficiency variance. Indicate whether this cost variance is favorable. unfavorable or no variance. 3. & 4. Compute the variable overhead variance and fixed overhead variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Complete this question by entering your answers in the tabs below. Red 1 and 2 Req 3 and 4 Compute the direct labor rate variance and direct labor efficiency variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Actual Cost Standard Cost S 0 $ 0 $ 0 01 Unit Pound Unit Pound Unit Hour Unit Hour Overhead - Standard Costs Overhead - Actual Costs $20 $15 Price Per Hour $10 Fixed Overhead $5 Variable Overhead (Standard) $12 per hour p169,000 $0 8 hrs 6 hrs Variable Overhead Hours Per Unit 4 hrs 4 2 hrs Ohrs ca Fixed Overhead Variable Overhead Actual Units Manufactured tableau AH = Actual Hours SH = Standard Hours AR - Actual Rate SR - Standard Rate 1. & 2. Compute the direct labor rate variance and direct labor efficiency variance. Indicate whether this cost variance is favorable, unfavorable or no variance. 3. & 4. Compute the variable overhead variance and fixed overhead variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 and 4 Compute the variable overhead variance and fixed overhead varlance. Indicate whether this cost varlance is favorable, unfavorable or no variance. Predetermined OH Standard DL Overhead Costs Applied Hours Actual Results Variance Rate Fav./Unf. Variable overhead costs Fixed overhead costs Total overhead costs 10,200