Help Required information (The following information applies to the questions displayed below] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 7 lbs. $7 per lb. 3 hrs. $16 per hr. 3 hrs. e $12 per hr. Actual 54,400 lbs. 2 $7.20 per lb. 22,800 hrs. $16.40 per hr. $283,800 7,700 (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 $ questions displayed below) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 7 lbs. $7 per lb. 3 hrs. $16 per hr. 3 hrs. $12 per hr. Actual 54,400 lbs. $7.20 per lb. 22,800 hrs. $16.40 per hr. $283,800 7.700 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ - Standard Quantity AP = Actual Price SP - Standard Price Actual Cost Standard Cont $ 0 5 0 ration applies to the questions displayed below) A manufactured product has the following information for June Help Save & Exit Submit Direct materiala Direct labor Overhead Units manufactured Standard 7 lbs. 57 per lb. 3 hrs. $16 per hr. 3 hrs. . $12 per hr. Actual 54,400 lbs. $7.20 per lb. 22,800 hrs. $16.40 per hr. $283,800 7.700 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour answers to 2 decimal places.) AH Actual Hours SH Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost $ 0 0 $ 0 0