inces A manufactured product has the following information for June. Direct materials Direct labor Overhead 6 lbs. 2 hrs. Standard $7 per lb. $15 per hr. 50,200 lbs. 16,300 hrs. $7.10 per lb. $15.50 per hr. 2 hrs. $11 per hr. Units manufactured $188,700 8,300 (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 total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total cost variance < Required 1 Actual