Songsu Company is struggling to control costs. We are hired as consultants to determine why the...
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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. Direct Materials Standard Direct Labor Actual Hours Per Unit Rate Per Hour 4 lbs Actual $7 $6 6 lbs 15 10 Standard $17 $14 5 2hrs 2.5hrs 0 Pounds Per Unit Price Per Pounds Per Pound Unit Price Per Hours Per Pound Unit Price Per Hour Hours Per Unit Price Per Hour Overhead - Standard Costs $20 $15 $10 $5 $0 8hrs 6 hrs 4hrs 2hrs Ohrs Fixed Overhead Variable Overhead Overhead - Actual Costs Fixed Overhead $169,000 Variable Overhead Actual Units Manufactured +ableau AH-Actual Hours SH-Standard Hours AR-Actual Rate SR Standard Rate < 8 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. Compute the total overhead variance. Indicate whether this cost variance is favorable or unfavorable. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 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 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. Direct Materials Standard Direct Labor Actual Hours Per Unit Rate Per Hour 4 lbs Actual $7 $6 6 lbs 15 10 Standard $17 $14 5 2hrs 2.5hrs 0 Pounds Per Unit Price Per Pounds Per Pound Unit Price Per Hours Per Pound Unit Price Per Hour Hours Per Unit Price Per Hour Overhead - Standard Costs $20 $15 $10 $5 $0 8hrs 6 hrs 4hrs 2hrs Ohrs Fixed Overhead Variable Overhead Overhead - Actual Costs Fixed Overhead $169,000 Variable Overhead Actual Units Manufactured +ableau AH-Actual Hours SH-Standard Hours AR-Actual Rate SR Standard Rate < 8 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. Compute the total overhead variance. Indicate whether this cost variance is favorable or unfavorable. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 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
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