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 517 G 4 4 lbs 15 10 2.5 hrs 2hrs $14 Hours Per Unit Rate Per Hour Overhead $20 $15 $10 $5 $0 8 hrs 6 hrs 4 hrs 2 hrs O hirs - Hour Unit Hour Standard Costs Overhead-Actual Costs HA Fred Overhead $169,000 Variable Overtica +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 i favorable unfavorable or no variance AP Actual Price Chec 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. Actual Cost Standard Cost AQ x 68,000 x $ 952,000 AR $ 14.00 Direct labor rate variance Direct labor efficiency variance Total direct materials variance $ 0 AQ X SP 12,750 x $ 0 0 0