Tableau DA 8-2: Exercise, Direct materials variances LO P2 Songsu Co. 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 L Actual I $7 $17 6 lbs $14 4 lbs 11.1. 2.5 hrs 2 hrs Pounds Per Unit Price Per Pound Pounds Per Price Per Unit Pound Hours Per Unit Price Per Hour Hours Per Unit Price Per Hour Overhead - Standard Costs Overhead Actual Costs Price Per Hour Fixed Overhead $169,000 Variable Overhead Hours Per Unit Fixed Overhead Variable Overhead B Actual Units Manufactured # + ableau E K TO AQ = Actual Quantity SQ = Standard Quantity 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