A manufactured product has the following information for August Actual - Standard 2 lbs. per unit 54.00 per lb. 0.5 hours per unit 528 per hour $30 per direct labor hour Direct materials Direct labor Overhead Units manufactured Total manufacturing costs points 12.600 5460,400 References (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in August (3) Compute the total cost variance for August. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Compute the standard cost per unit