displayed below. A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 7 lbs. @ $8 per lb. 2 hrs. @ $15 per hr. 2 hrs. @ $11 per hr. Actual 60,700 lbs. @ $8.10 per lb. 16,900 hrs. @ $15.50 per hr. $196,000 8,600 (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 Round 1 Required 2 > A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 7 lbs. $8 per 1b. 2 hrs. @ $15 per hr 2 hrs. @ $11 per hr. Actual 60,700 lbs. $8.10 per 1b. 16,900 hrs. @ $15.50 per hr. $196,000 8,600 (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