A manufacturer's product uses standard quantities and costs as follows: Direct materials, 5 pounds at $30 per pound; direct labor, 2 hours at $40 per hour; and overhead, (based on 2 direct labor hours) at $12 per direct labor hour. Actual results follow. 1. Compute standard cost per unit and prepare a standard cost card. 2. Compute the total actual cost for 800 units produced. 3. Compute the total budgeted cost for 800 units produced. 4. Compute the total cost variance, note: For the variance, select favorable, unfavorable, or no variance.

	Actual Results
Direct materials	4,250	pounds @ $28 per pound
Direct labor	1,500	hours @ $44 per hour
Overhead	$ 18,800
Units manufactured	800	units