A manufactured product has the following information for June. Standard 7 lbs. @ $9 per lb. Direct materials Direct labor Overhead 3 hrs. @ $16 per hr. 3 hrs. @ $12 per hr. Units manufactured (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 0 $ Actual 53,000 lbs. @ $9.20 per lb. 22,300 hrs. @ $16.60 per hr. $275,500 7,500 (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 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 >