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Tableau DA 8-3: Mini-Case, Compute direct labor and overhead variances LO P3, P4 Songsu Company is struggling to control costs. We are hired as consultants

Tableau DA 8-3: 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 companys actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis.

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 favorable, unfavorable or no variance. 3. Compute the total overhead variance. Indicate whether this cost variance is favorable or unfavorable

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 0 0 Standard Cost
$0 0 $0
$0
0

Compute the total overhead variance. Indicate whether this cost variance is favorable or unfavorable.

Overhead variance:
Actual total overhead
Standard overhead applied
Overhead variance

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