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 6 d 2 0 Per Hour 4 lbs Direct Materials Standard Pounds Per Price Per Unit Pound Overhead $20 $15 $10 $6 - 6 lbs Actual Pounds Per Unit $7 Price Per Pound Standard Costs 1 15 10 5 0 Prox Standard 2 hrs Hours Per Unit Direct Labor 10 $17 Price Per Hour Overhead 6.36 - 2.5 hrs Actual Hours Per Unit $14 Price Per Hour Actual Costs

Songsu Company is struggling to control costs. We are hired as consuitants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Overhead - Standard Costs Overhead - Actual Costs Actual Units Manufactured Actual Units Manufactured AQ=ActualQuantitySQ=StandardQuantityAR=ActualRateSR=StandardRateAP=ActualPriceSP=StandardPrice 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=ActualQuantitySQ=StandardQuantityAR=ActualRateSR=StandardRateAP=ActualPriceSP=StandardPrice 1. \& 2. Compute the direct materials price variance and direct materials quantity variance. Indicate whether this cost variance is favorable, unfavorable or no variance