Tableau DA 8-3: Mini-Case, Direct labor variances and overhead variances LO P2, P3 Songsu Co is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tobleau Dashboard is provided for our analysis. Direct Labor Direct Materials Standard Actual Standard Actual B $7 $17 $6 6 lbs 15 $14 4 lbs 10 2 hrs 2.5 hrs 0 Pounds Pe.. Price Pe.. Pounds Pe.. Price Pe.. Hours Pe.. Price Pe.. Hours Pe.. Price Pe.. Overhead - Standard Costs $20 $15 Price Per Hour $10 $5 $0 8 hrs Fixed Overhead (Standard) $6 per hour 6 hrs Variab Hours Per Unit 4 hrs 2 hrs Ohrs Fixed Overhead Variable Overhead Overhead Standard Costs Overhe $20 $15 Price Per Hour $10 $5 Variable Overhead (Standard) $12 per hour $0 8 hrs 6 hrs Variable Overhead Hours Per Unit 4 hrs 2 hrs Ohrs Fixed Overhead Variable Overhead Overhead - Standard Costs $20 $15 Price Per Hour $10 $5 SO 8 hrs 6 hrs Varia Hours Per Unit 4 hrs SON 2 hrs Ohrs Fixed Over Fixed Overhead (Standard) 2 hours per unit id Overhead - Actual Costs Foxed Overhead $169,000 Variable Ove. Actual Overhead Variable Overhead: $101,000 Overhead Actual Costs Actual Overhead Fixed Overhead: $68,000 $169 Variable Overhead Actual Units Manufactured Actual Units Manufactured: 5,100 units 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.& 4. Compute the variable overhead variance and fixed overhead variance. Indicate whether this cost variance is favorable. unfavorable or no variance. Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 and 4 Compute the direct labor rate variance and direct labor efficiency variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Actual Cost Standard Cost $ $ 0 $ 0 Reg 3 and 4 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 and 4 Compute the variable overhead vaisance and fixed overhead variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Predetermined OH Standard DL Overhead Costs Rate Hours Actual Results Applied Variance Fav./Unf. Variable overhead costs Fixed overhead costs 10.200 Total overhead costs