Songsu Company is struggling to control costs. We are hired as consultants to determine why the companys actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis

8 6 4 2 0 Rate Per Hour Hours Per Unit Direct Materials Standard 4 lbs $6 6 lbs Price Per Pounds Per Unit Pounds Per Unit Price Per Pound Pound Overhead - Standard Costs $20 $15 $10 $5 $0 8 hrs 6 hrs 4 hrs 2 hrs 0 hrs Variable Overhead Actual Fixed Overhead $7 15 10 5 0 Direct Labor Standard $17 Actual $14 2.5 hrs 2 hrs Hours Per Price Per Hours Per Unit Price Per Hour Unit Hour Overhead - Actual Costs Fixed Overhead $169,000 Variable Overhead Actual Units Manufactured #+ableau O 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 is favorable, unfavorable or no variance. Actual Cost Standard Cost $ 0 $ 0 0 0 $ Check