A manufactured product has the following information for August. (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August. (3) Compute the total cost variance for August. Prepare the standard cost card showing standard cost per unit. (Round your final answers to 2 decimal places.) Compute total budgeted cost for production in August. Compute the total cost variance for August. (Indicate the effect of the varlance by selecting favorable, unfavorable, or no variance.)