: homework i Saved Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials 5 1bs. @ $8 per 1b. 41, 400 1bs. @ $8.20 per 1b. Direct labor 2 hrs. @ $17 per hr. 16, 100 hrs. @ $17.40 per hr. Overhead 2 hrs. @ $12 per hr. $203 , 100 Units manufactured 8, 200 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 Unfavorable Required 1 Required 2