4 Part 13 Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) A manufactured product has the following information for June Standard Actual Direct materials (6 lbs, $8 per 1b.) 48,500 lbs. @ 58.10 per 1b. Direct labor (2 hrs, a $16 per he.) 15,70 hrs. @ $16.50 per hr. Overhead (2 hrs. 512 per he. $198.800 Units manufactured 3.ee 20 points Book Exercise 21-8 Standard unit cost; total cost variance Lo C2 References (1) Compute the standard cost per unit Direct materials Direct labor Overhead Total (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable Total cost yarande