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 @ $2.50 per lb. 0.5 hours per unit @ $16 per hour $12 per direct labor hour 12,000 $225,400 (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. $ 139 Direct materials Direct labor Overhead Total $ 139 Compute the total budgeted cost for production in August. Total budgeted cost Cost variance