2 Rate Per Hour Per Unit 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 Direct Labor Standard Actual $17 2 4 6 4 lbs $6 6 lbs 15 10 2 hrs 2.5 hrs $14 Pounds Per Price Per Pounds Per Unit Pound Unit Price Per Pound Hours Per Unit Price Per Hour Hours Per Unit Price Per Hour Overhead-Standard Costs $20 $15 $10 Overhead - Actual Costs Fixed Overhead $5 So $169,000 8 hrs 6 hrs Variable Overhead 1 hve 2 2 hrs O hrs Fixed Overhead Variable Overhead Actual Units Manufactured +ableau 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. AQ Actual Cost X X AR Standard Cost $ 0 $ 0 0 0