A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $9 per lb.) (3 hrs. @ $17 per hr.) (3 hrs. @ $13 per hr.) Actual 47,900 lbs. @ $9.20 per lb. 23, 300 hrs. @ $17.50 per hr. $313, 300 7,900 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ 0 (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost variance A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $9 per lb.) (3 hrs. @ $17 per hr.) (3 hrs. @ $13 per hr.) Actual 47,900 lbs. @ $9.20 per lb. 23,300 hrs. @ $17.50 per hr. $313,300 7,900 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance unfavorable. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost $ 0 $ 0 $ 0 0 A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $9 per lb.) (3 hrs. @ $17 per hr.) (3 hrs. @ $13 per hr.) Actual 47,900 lbs. @ $9.20 per lb. 23,300 hrs. @ $17.50 per hr. $313, 300 7,900 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favor unfavorable. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost $ 0 $ 0 $ 0 01