A manufactured product has the following information for August.

Compute the

(1) Standard cost per unit,

(2) Total budgeted cost for production in August,

(3) Total cost variance for August. Indicate whether the cost variance is favorable or unfavorable.

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Standard Actual 2 lbs. per unit @ $2.50 per lb. 0.5 hours per unit e $16 per hour Direct materials.. Direct labor... Overhead $12 per direct labor hour Units manufactured 12,000 Total manufacturing costs $225,400