Tableau DA $23-2($Static$)$: Exercise, Compute direct materials variances LO P$3$

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.

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AQ $=$ Actual Quantity

SQ $=$ Standard Quantity

AR $=$ Actual Rate

SR $=$ Standard Rate

AP $=$ Actual Price

SP $=$ Standard Price

$1.$ & $2.$ Compute the direct materials price variance and direct materials quantity variance. Indicate whether this cost variance is favorable, unfavorable or no variance.

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Actual CostStandard Cost $$00$$$0$$$00$