A manufactured product has the following information for June.

Compute total budgeted cost for June production.

Total budgeted $($standard$)$ cost

Required $1$

Required $2$

Required $3$

Required $4$

Compute total actual cost for June production.

Actual cost

Required $1$

Required $2$

Required $3$

Required $4$

Compute total cost variance for June. $($Indicate the effect

Total cost variance