Tableau DA 21-3: Mini-Case, Compute direct labor and overhead variances LO P3, P4 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 Actual Direct Labor Standard Actual $17 8 $7 $6 6 lbs 6 15 $14 4 lbs 10 5 2 2.5 hrs Check my wel 2 5 2 hrs 2.5 hrs 0 0 Pounds Per Unit Price Per Pound Pounds Per Unit Price Per Pound Hours Per Unit Price Per Hour Hours Per Unit Price Per Hour Overhead - Standard Costs Overhead - Actual Costs $20 $15 Rate Per Hour $10 RA $5 Fixed Overhead $0 $169,000 8 hrs 6 hrs Variable Overhead s Per Unit 4 hrs Overhead Standard Costs Overhead - Actual Costs $20 $15 Rate Per Hour $10 $5 Fhed Overhead $o 8 hrs $169,000 6 hrs Variable Overhead Hours Per Unit 4 hrs 2 hrs Ohrs Fixed Overhead Variable Overhead Actual Units Manufactured veread 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 tocorante 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 Reg 3 Compute the total overhead variance. Indicate whether this cost variance is favorable or unfavorable. Overhead variance: Actual total overhead $ 169.000 Standard overhead applied 30.600 Overhead variance Favorable