A manufactured product has the following information for August. Actual Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard 2 lbs. per unit @ $6.00 per lb. 0.5 hours per unit @ $44 per hour $54 per direct labor hour 13,400 $808,400 Complete this question by entering your answers in the tabs belo Required 1 Required 2 Required 3 Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ Required 1 Required 2 Required 3 Compute the total cost variance for August. Indicate whether the cost variance is favorable, unfavorable or no variance. Cost variance red 2 Required 3 Favorable No variance Unfavorable