Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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 5 2 hrs 2.5 hrs 0 0 Pounds Per Unit Price Per Pound Pounds Per Unit Price Per Pound Hours Per Unit Price Pet Hour Hour Unit Price Per Hour Overhead Standard Costs Overhead Actual Costs $20 $15 Price Per Hour $10 6 Fixed Overhead $5 $0 8 hrs $169,000 168,000 6 hrs Variable Overhead Hours Per Unit 4 hrs 2 2 100,000 2 hrs Ohrs Fixed Overhead Variable Overhead Actual Units Manufactured -5,100 tableau E 1 K R 0 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 Unfavorable Required 2 Favorable No variance Unfavorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started