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

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Songsu Company 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. 8 Direct Materials Standard Actual $7 $6 6 lbs Direct Labor Standard Actual $17 4 4 lbs 15 10 10 50 2.5 hrs $14 2 hrs 0 Pounds Per Unit Price Per Pound Pounds Per Price Per Hours Per Price Per Hours Per Price Per Unit Pound Unit Hour Unit Hour Hours Per Unit Rate Per Hour Overhead - Standard Costs $20 $15 $10 $5 $0 8 hrs 6 hrs 4 hrs 2 hrs O hrs ... Fixed Overhead (Standard) $6 per unit Fixed Overhead (stand) Overhead - Actual Costs Variable Overhead $12 per hour Variable Overhead 2 hour 2 hours per unit per unit Fixed Overhead Variable Overhead Variable Overhead $169,000 Actual Overhead Variable overhead $101,000 Actual Overhead Fixed Overhead $68,000 Fixed Overhead Actual Units Manufactured +ableau AQ = Actual Quantity SQ Standard Quantity AR = Actual Rate SR AP Standard Rate Actual Price SP=Standard Price Actual Units Manufactured: 5,100 units K D 1. & 2. Compute the direct materials price variance and direct materials quantity variance. Indicate whether this cost variance is favorable, unfavorable or no variance. AQ Actual Cost X x AP $ 0 AQ X SP x $ 0 0 EA $ 0 Standard Cost SQ X SP X Songsu Company 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. 8 Direct Materials Standard Actual $7 $6 6 lbs Direct Labor Standard Actual $17 4 4 lbs 15 10 10 50 2.5 hrs $14 2 hrs 0 Pounds Per Unit Price Per Pound Pounds Per Price Per Hours Per Price Per Hours Per Price Per Unit Pound Unit Hour Unit Hour Hours Per Unit Rate Per Hour Overhead - Standard Costs $20 $15 $10 $5 $0 8 hrs 6 hrs 4 hrs 2 hrs O hrs ... Fixed Overhead (Standard) $6 per unit Fixed Overhead (stand) Overhead - Actual Costs Variable Overhead $12 per hour Variable Overhead 2 hour 2 hours per unit per unit Fixed Overhead Variable Overhead Variable Overhead $169,000 Actual Overhead Variable overhead $101,000 Actual Overhead Fixed Overhead $68,000 Fixed Overhead Actual Units Manufactured +ableau AQ = Actual Quantity SQ Standard Quantity AR = Actual Rate SR AP Standard Rate Actual Price SP=Standard Price Actual Units Manufactured: 5,100 units K D 1. & 2. Compute the direct materials price variance and direct materials quantity variance. Indicate whether this cost variance is favorable, unfavorable or no variance. AQ Actual Cost X x AP $ 0 AQ X SP x $ 0 0 EA $ 0 Standard Cost SQ X SP X