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 Labor Direct Materials Standard Actual Standard Actual 8 $7 $17 $6 6 lbs 6 15 $14 4 lbs 4 10 2 2 2.5 hrs 2 hrs 0 Pounds Per Price Per Pounds Per Price Per Unit Pound Unit Pound Hours Per Unit Price Per Hours Per Hour Unit Price Per Hour Overhead - Standard Costs Overhead Actual Costs $20 $15 Price Per Hour $10 Fixed Overhead $5 $0 8 hrs $169,000 6 hrs Variable Overhead Hours Per Unit 4 hrs 2 hrs O hrs Fixed Overhead Variable Overhead Actual Units Manufactured *** + ableau e AH = Actual Hours SH = Standard Hours AR = Actual Rate SR - Standard Rate Price! Fixed Overhead $5 $o 8 hrs $169,000 6 hrs Variable Overhead Hours Per Unit 4 hrs 2 hrs Ohrs Fixed Overhead Variable Overhead Actual Units Manufactured * tableau AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate 1. & 2. Compute the direct labor rate variance and direct labor efficiency variance Indicate whether this cost variance is favorable. unfavorable or no variance. 3. & 4. Compute the variable overhead variance and fixed overhead variance Indicate whether this cost variance is favorable, unfavorable or no variance Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 and 4 Compute the direct labor rate variance and direct labor efficiency variance. Indicate whether this cost variance is favorable, unfavorable or no variance Actual Cost Standard Cost Reqsan Reg 3 and 4 > Overhead - Standard Costs Overhead Actual Costs $20 $15 Price Per Hour $10 ua Fixed Overhead $5 $0 8 hrs 6 hrs $169,000 Variable Overhead Hours Per Unit 4 hrs 2 hrs O hrs Fixed Overhead Variable Overhead Actual Units Manufactured tableau AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate 1. & 2. Compute the direct labor rate variance and direct labor efficiency variance Indicate whether this cost variance is favorable, unfavorable or no variance. 3. & 4. Compute the variable overhead variance and fixed overhead variance Indicate whether this cost variance is favorable, unfavorable or no variance Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 and 4 Compute the variable overhead variance and fixed overhead variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Predetermined OH Rate Standard DL Hours Overhead Costs Actual Results Applied Variance Fav./Unf. Variable overhead costs Fixed overhead costs Total overhead costs 10 200