Songsu Co. is struggling to control costs. We are hired as consultants to determine why the...

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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 Price Per Unit Direct Labor Hours Per Unit Price Per Pound Price per Hour $17 per hour $14 per hour Standard 4lbs per unit $6 per pount Standard 2 hours per unit Actual 6lbs per unit $7 per pound Actual 2.5 hours per unit Overhead - Standard Costs Fixed Overhead Variable Overhead Overhead - Actual Costs Variable Overhead $101,000 Price Per Hour $6 per hour Hours Per Unit 2 hours per unit $12 per hour Fixed Overhead $68,000 2 hours per unit Total Overhead $169,000 Actual Units Manufactured Actual Units Manufactured 5,100 units 1. Compute the standard cost per unit. 2. Compute the total cost variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ Required 1 Required 2 Compute the total cost variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Total cost variance < Required 1 Required 2 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 Price Per Unit Direct Labor Hours Per Unit Price Per Pound Price per Hour $17 per hour $14 per hour Standard 4lbs per unit $6 per pount Standard 2 hours per unit Actual 6lbs per unit $7 per pound Actual 2.5 hours per unit Overhead - Standard Costs Fixed Overhead Variable Overhead Overhead - Actual Costs Variable Overhead $101,000 Price Per Hour $6 per hour Hours Per Unit 2 hours per unit $12 per hour Fixed Overhead $68,000 2 hours per unit Total Overhead $169,000 Actual Units Manufactured Actual Units Manufactured 5,100 units 1. Compute the standard cost per unit. 2. Compute the total cost variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ Required 1 Required 2 Compute the total cost variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Total cost variance < Required 1 Required 2

Answer rating: 100% (QA)

12 Actual cost Standard cost AH AR AH SR SH SR 12750 5... View the full answer