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A manufactured product has the following information for June. Standard 7 lbs. @ $7 per lb. 2 hrs. @ $15 per hr. hrs. @

A manufactured product has the following information for June. Standard 7 lbs. @ $7 per lb. 2 hrs. @ $15 per hr. hrs. @ $12 per hr. Direct materials Direct labor Overhead Units manufactured (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Actual 61, 400 lbs. @ $7.20 per lb. 17,200 hrs. @ $15.50 per hr. $215, 100 8,700

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