Check A manufactured product has the following information for August Actual Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard 2 lbs. per unit $6.ee per 10. 0.5 hours per unit @ 544 per hour 554 per direct labor hour 13,400 $800,400 (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in August (3) Compute the total cost variance for August (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance)