A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $17 per hr. 2 hrs. @ $12 per hr. Actual 51, 600 lbs. @ $8.20 per lb. 16,700 hrs. @ $17.40 per hr. $210, 800 8,500 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Compute the standard cost per unit. Direct materials Direct labor Overhead Total Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total cost variance