A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $7 per lb. 2 hrs. @ $15 per hr. 2 hrs. @ $12 per hr. Actual 43,000 lbs. @ $7.20 per lb. 16,700 hrs. @ $15.60 per hr. $210,600 8,500 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. Direct materials Direct labor Overhead Total A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $7 per lb. 2 hrs. @ $15 per hr. 2 hrs. @ $12 per hr. Actual 43,000 lbs. @ $7.20 per lb. 16,700 hrs. @ $15.60 per hr. $210, 600 8,500 ) Compute the standard cost per unit. 2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.). Total cost variance Required 1 Required 2